Gold reaches resistance once again, time for sell?
Hello traders, Gold has reached the moderate resistance zone
around 2000 level due to weak data from the US which has momentarily
weakened the US Dollar.
However, price could fall back down pretty soon. If the resistance zone
as indicated in my chart holds, then we can consider selling XAUUSD@2001-2005
with targets at 1980 and 1950 respectively
around 2000 level due to weak data from the US which has momentarily
weakened the US Dollar.
However, price could fall back down pretty soon. If the resistance zone
as indicated in my chart holds, then we can consider selling XAUUSD@2001-2005
with targets at 1980 and 1950 respectively
Trade active:
Already down 65 Pips from the sell level
