TradeMagna

GOLD - possible resistance for quick trade

Short
TradeMagna Updated   
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Hello dear traders,


As we can see Gold has a minor resistance level which we could use to target the lower support.

To be continued...
Comment:
If prices went above the resistance level we will target high levels.
Comment:
Accumulating/distributing area
Comment:
I know the stop-loss hit, but it worth trying again toward our down side

Comment:
Actually we would target further lower prices.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.