For Gold last Friday was a difficult day, information sources allowed Gold to increase sharply to 2431. Information about the Middle East war, raised concerns about a possible third war and Updated data from forexfactory took Fomo investors from 2397 to 2431, but then dropped very sharply. It was truly a phase that gave Ae Seller a heart attack.
Comments for this next week:
Resistance Zones 2355-2376-2382-2395
Current Support zones for Gold are only 2333 and 2310-2315
- Gold closed at 2344, opened the session with a straight increase to 2375 (digesting war news). It is expected that this week Gold will return to the following resistance areas:
1. Zone 2355 to 2375, as expected, gold may sideways here for a period of time. This will be the Selling point at the beginning of the week for Gold
2. The next zone will be 2382, this is Gold's Resistance Zone
3. The last zone is 2395 but was broken on Friday, so this may be the final Resistance point if Gold returns to test this zone
Conclude:
- I only linked this price range from 2355 to 2375, but according to personal experience, it has not reached the remaining 2 areas.
With the strong downward force on the H4 Frame creating such a candle, the downward force is still quite strong, but on Friday it closed above the two most recent bottoms of H4.
- If 2333 is breached, Gold can return to the 2310-2315 zone. If 2315 is breached, Gold can return to zone 2288 (This is the maximum support for Gold this week)
ATTENTION: ONLY PRIORITY TO SELL - NO PRIORITY TO BUY..
Comments for this next week:
Resistance Zones 2355-2376-2382-2395
Current Support zones for Gold are only 2333 and 2310-2315
- Gold closed at 2344, opened the session with a straight increase to 2375 (digesting war news). It is expected that this week Gold will return to the following resistance areas:
1. Zone 2355 to 2375, as expected, gold may sideways here for a period of time. This will be the Selling point at the beginning of the week for Gold
2. The next zone will be 2382, this is Gold's Resistance Zone
3. The last zone is 2395 but was broken on Friday, so this may be the final Resistance point if Gold returns to test this zone
Conclude:
- I only linked this price range from 2355 to 2375, but according to personal experience, it has not reached the remaining 2 areas.
With the strong downward force on the H4 Frame creating such a candle, the downward force is still quite strong, but on Friday it closed above the two most recent bottoms of H4.
- If 2333 is breached, Gold can return to the 2310-2315 zone. If 2315 is breached, Gold can return to zone 2288 (This is the maximum support for Gold this week)
ATTENTION: ONLY PRIORITY TO SELL - NO PRIORITY TO BUY..
