When should we sell GOLD?
Yesterday we had a breakout of support at 1806.
As we already know that gives us the opportunity to see price down at 1784 as first support and maybe even lower values in case of another breakout.
When should we sell though?
If we don't yet have any active short positions then we need to find out which will be the next resistance level which will push price down.
In this case this is easy - the previous support which should now act as resistance - 1806!
Once market reaches that level again we would expect a rejection there and an entry signal.
This setup will be invalid if price goes above 1830!
The next support levels as well as target levels you can see in our next analysis!
As we already know that gives us the opportunity to see price down at 1784 as first support and maybe even lower values in case of another breakout.
When should we sell though?
If we don't yet have any active short positions then we need to find out which will be the next resistance level which will push price down.
In this case this is easy - the previous support which should now act as resistance - 1806!
Once market reaches that level again we would expect a rejection there and an entry signal.
This setup will be invalid if price goes above 1830!
The next support levels as well as target levels you can see in our next analysis!
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💰 PAID SIGNALS AND ANALYSIS: t.me/Semkov
💡 If you want to know on what basis we make our entries, get in here: t.me/trendlinefreetrade
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