VasilyTrader

GOLD (XAUUSD): Key Levels to Watch🥇

Long
VasilyTrader Updated   
OANDA:XAUUSD   Gold Spot / U.S. Dollar

Hey traders,

Here are key levels for you to watch on Gold.

Resistance 1:
Falling supply cluster based on a major falling trend line.

Support 1:
1822 - 1832 horizontal demand zone

Support 2:
1780 - 1790 horizontal demand zone

Support 3:
1753 - 1763 horizontal demand zone

I am still bullish and expect a continuation to the closest resistance.
However, as you can see the price is coiling between Support 1 and Resistance 1.
One of them will be broken soon initiating a strong bearish/bullish wave.
Be prepared for a breakout trade.

❤️Please, support this idea with like and comment!❤️
Comment:
Check my new analysis on NZDJPY:

✅Join My Telegram Channel: t.me/VasilyTrading

❗️YouTube Channel www.youtube.com/c/VasilyTrader

💰Instagram: www.instagram.com/VasilyTrader/ 💰

✅Facebook: www.facebook.com/VasilyTrading/
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.