FX:XAUUSD   Gold Spot / U.S. Dollar
After yesterdays move in gold its looking like its taking a bit of a rest before its next move. We managed to get in for a good long opportunity yesterday of which we have taken a lot of the profit out of the trade. We've protected it with the stop moved to entry, however, we're not ruling out one more spike down towards that 1795 level which is represented on the chart as the 15M key level.

The 4H and daily both suggest bullishness in the coming sessions so we'll leave the trade we have in for now. The arrows on the chart illustrate the potential move we're looking at.

Support:

1805
1801
1795
1790

Resistance:

1810-12
1817/8
1826
1836
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🟡 Disclaimer: Not financial advice. For educational purposes only.

Comments

thanks you so much sir...for ur best analysis :)
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KnightsofGold shamalannair41
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