Gold is currently ranging and there has been a multiple attempts to breakout of current resistance and support . On Friday we were looking at a possible break of support as we have noticed lower highs. We managed to trade the range with wins.
So what is next for Gold on Monday , if we see a break of resistance I’m looking at highs of 1800-1810 price will see some resistance at 1795 . My thoughts are slightly biased towards a downward movement due to the declining trendline and patterns on lower time frames price might possibly break downwards to 1760 for Monday
I might wait for a breakout or scalp the range Monday will tell !!!!
So what is next for Gold on Monday , if we see a break of resistance I’m looking at highs of 1800-1810 price will see some resistance at 1795 . My thoughts are slightly biased towards a downward movement due to the declining trendline and patterns on lower time frames price might possibly break downwards to 1760 for Monday
I might wait for a breakout or scalp the range Monday will tell !!!!
Comment:
: No idea how the watermark got there please ignore. I do charts on a different platform which has my personal indicator sets. The ones I share on trading view are not the charts I use for my trade set up! These are just for my ideas 💡 to be published !