Gold looks like it wants to test the higher levels, bullish daily candles and a reversal pattern in play.
Resistance:
1888
1894
1900
Support:
1868
1860
1854
The 4H chart is showing support at around 1865-70 which price has attempted earlier. Break and close above 1875 and I think we're in for a bit of a squeeze on the sellers.
If it continues to support around 1865-70 we'll test the Long with a target of around 1890-93, we're not waiting for 1900. If we go straight up, based on successful resistance at the mentioned levels we'll look to go Short with a target of 1860-55
Resistance:
1888
1894
1900
Support:
1868
1860
1854
The 4H chart is showing support at around 1865-70 which price has attempted earlier. Break and close above 1875 and I think we're in for a bit of a squeeze on the sellers.
If it continues to support around 1865-70 we'll test the Long with a target of around 1890-93, we're not waiting for 1900. If we go straight up, based on successful resistance at the mentioned levels we'll look to go Short with a target of 1860-55
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🟡 Disclaimer: Not financial advice. For educational purposes only.
🔴 TWITTER: twitter.com/knightsofgold2
🟢 INSTAGRAM: www.instagram.com/knights_of_gold/
🟡 Disclaimer: Not financial advice. For educational purposes only.