GOLD (XAUUSD): Major Resistance Ahead! Your Plan:🥇

Short

Or / Dollar Américain (OANDA:XAUUSD)

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OANDA:XAUUSD Or / Dollar Américain

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Hey traders,

For the last 3 trading weeks, Gold is very bullish.
The market gained more that 6%.

Ahead is a strong structure resistance.
If you analyze the price action from February 2021 you may notice that the market is trading within a wide horizontal trading range.
1903 - 1917 is its upper boundary.
Once the price reaches that your task will be to look for an intraday confirmation to short.
Then a pullback will be expected at least to 1857 level.

Alternatively, a bullish breakout of the underlined resistance will trigger a bullish continuation to 1960 level.

Good luck!

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Commentaire:

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NZDUSD: Bearish Move From Strong Resistance 🇳🇿🇺🇸

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