Gold chart for the coming week with key levels and entries
Gold analysis for the coming week ahead
Key levels to watch for the coming week
Gold opened the week at 2031.5 and closed Friday at 2004.
We were in a downtrend all week.
For the coming week ahead
RSI has been around the 50 level indicating neutral momentum
MACD the MACD shows mixed signals with crosses above and below the signal line showing a lack of clear trend direction
None of the above showing any clear direction
For this week I’ll be monitoring the following levels marked up on my chart.
How to use these levels mark these on your chart and set alarms at entry
Buy area , I won’t enter until I can see a break and retest of 2007 , expecting 2011.5, 2018 (previous support turning into resistance )2020, 2032 to 2035 (next resistance )2041 and if broken 2052, 2060, 2072, 2100
Sell area 1997 , expecting 1991 (support level) if broken then 1984 , 1972 (support) 1960 1940,1932 if 1932 breaks then 1900 and 1840 levels
These are all based on the 30 min time frame and we are looking for the bigger moves here but can be scalped in between
Key levels to watch for the coming week
Gold opened the week at 2031.5 and closed Friday at 2004.
We were in a downtrend all week.
For the coming week ahead
RSI has been around the 50 level indicating neutral momentum
MACD the MACD shows mixed signals with crosses above and below the signal line showing a lack of clear trend direction
None of the above showing any clear direction
For this week I’ll be monitoring the following levels marked up on my chart.
How to use these levels mark these on your chart and set alarms at entry
Buy area , I won’t enter until I can see a break and retest of 2007 , expecting 2011.5, 2018 (previous support turning into resistance )2020, 2032 to 2035 (next resistance )2041 and if broken 2052, 2060, 2072, 2100
Sell area 1997 , expecting 1991 (support level) if broken then 1984 , 1972 (support) 1960 1940,1932 if 1932 breaks then 1900 and 1840 levels
These are all based on the 30 min time frame and we are looking for the bigger moves here but can be scalped in between