Gold's potential correction from its highs lies between 4003 and 4161, with room for a significant correction of 160 pips. Gold plummeted during today's Asian and European trading sessions, leaving a clear resistance level. We should focus on the minor resistance level of 4097. If it fails to hold above, bears will continue their decline and seek deeper support. Shorts should avoid candlestick charts near 4003. A break below the bottom of the oscillation this week could lead to a deeper correction for bears.
Resistance levels are 4097 and 4035, while support levels are 4065 and 4045. The dividing line between strength and weakness is 4097.
Resistance levels are 4097 and 4035, while support levels are 4065 and 4045. The dividing line between strength and weakness is 4097.
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The road to success is not crowded. As long as you choose the right direction and follow the right team, you will be able to move forward.
t.me/david_456654
t.me/david_456654
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.