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VasilyTrader
Aug 31, 2021 6:09 AM

GOLD (XAUUSD): Structure Analysis & Key Levels to Watch🥇 Long

GoldOANDA

Description



Hey traders,

Here are the key levels to be focused on trading Gold:

  • Resistance 1:
    1827 - 1837 zone based on July's highs.
    For now, it is the closest resistance and the goal for buyers.

  • Resistance 2:
    1908 - 1918 zone is based on summer's high.

  • Support 1:
    Recently broken major trend line.
    Being a strong resistance previously, it turned into support now.

  • Support 2:
    1677 summer's low.

Consider these levels/areas for pullback/trend following trading.
Let the price reach them first and then look for confirmation on lower time frames to buy/sell

❤️Please, support this idea with a like and comment!❤️

Comment

Check my new analysis on GOLD:
Comments
GCGoldenCircle
1800 looks fresh as It was important for seller with 1818 as the 1813 should bring selling pressure back if it stays within it and 1815 so yes another dip at the 61.8 %or 38.2 depending how you do it from lows and highs with Fib tool it seems even more given if we find a rejection
@VasilyTrader by the 1807-1800
VasilyTrader
@GCGoldenCircle, thank you for comment bro!!!
Mihai_Iacob
Thanks for the heads up
VasilyTrader
@OptimoomFX, you are welcome buddy :)
RasaTr
Good point
VasilyTrader
@RasaTr, thank you my friend ☺️☺️☺️
VasilyTrader
Do you agree with my key levels?
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