Where can you sell Gold? 1950 resistance level?
Hello traders, in my previous Gold idea I recommended buying the dip
near 1860 level.( idea attached below). As you have noticed, Gold has
rallied strongly above 1900.
Currently, price action is still bullish. So, if Gold bulls manage to take out
the minor hurdle at 1910, the chance for a strong uptrend to 1954 will be
on the cards.
1954 level, is however a strong supply zone with multiple rejections in the past.
Hence, sellers need to wait for 1950 level to hit before deciding to sell.
near 1860 level.( idea attached below). As you have noticed, Gold has
rallied strongly above 1900.
Currently, price action is still bullish. So, if Gold bulls manage to take out
the minor hurdle at 1910, the chance for a strong uptrend to 1954 will be
on the cards.
1954 level, is however a strong supply zone with multiple rejections in the past.
Hence, sellers need to wait for 1950 level to hit before deciding to sell.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.