Hello traders.
Gold is continuing to create Higher Highs and preseserves Higher Lows.
If you look on the left of past chart depiction, the area of 178x has been considered a former resistance like the 179x.
Finally, the price last August touched 1803 level and fell vigorously.
So, every possible entry at these levels could be profitable. But, the safest place to place the SL I strongly believe is above 1803 area.
We all know what gold can do with spikes. Regarding of spikes, the price action is indicating the weakness to go higher for short - term.
Traders Dynamic index has created a divergence with Price movement, but this doesn't mean that it will sell immidiately.
It can go further for some time, this is the reason I consider both 179x and 180x nice areas for sell - close to the Daily supply zone, where many pending orders will be open. A break above 1812 I think it may push price higher to 1840 - 1860 levels.
1750 area can be considered a safe zone for first TP and maybe a good entry for buys but the main key area is 1730, for strong buy.
Breaking news some moments ago informed humanity about a missile attack to some village of Poland. If this was not an accident and it was made by design, prepare to see gold rocketing above ATH!!!
Good luck!
Gold is continuing to create Higher Highs and preseserves Higher Lows.
If you look on the left of past chart depiction, the area of 178x has been considered a former resistance like the 179x.
Finally, the price last August touched 1803 level and fell vigorously.
So, every possible entry at these levels could be profitable. But, the safest place to place the SL I strongly believe is above 1803 area.
We all know what gold can do with spikes. Regarding of spikes, the price action is indicating the weakness to go higher for short - term.
Traders Dynamic index has created a divergence with Price movement, but this doesn't mean that it will sell immidiately.
It can go further for some time, this is the reason I consider both 179x and 180x nice areas for sell - close to the Daily supply zone, where many pending orders will be open. A break above 1812 I think it may push price higher to 1840 - 1860 levels.
1750 area can be considered a safe zone for first TP and maybe a good entry for buys but the main key area is 1730, for strong buy.
Breaking news some moments ago informed humanity about a missile attack to some village of Poland. If this was not an accident and it was made by design, prepare to see gold rocketing above ATH!!!
Good luck!