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awan0454
Jan 19, 2022 3:01 PM

XAU/USD Gold nearing an important Resistance Zone. 

Gold/U.S. DollarFXCM

Description

Its already in a resistance zone which looks like it will break. If it does break this current Resistance zone we are in right now this is if it breaks the 1828 level then 1835-40 is an importance resistance from where we should look for short entry. But only after candlesticks confirm so as well. when we refer to a support or resistance that level is to be watched closely. it either gets broken or holds. only candlestick formations confirm that . Look for entries on shorter timeframes like min.15
Comments
Moethebus
Should I enter my sell trade right now?
awan0454
@Moethebus, not just yet
awan0454
@Moethebus, watch for bearish candlstick formations on min15 chart around area 1835-1843. if it gives us any confirmation from there then we are probably good for selling.
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