GOLD (XAUUSD) Key Points to Watch

OANDA:XAUUSD   Gold Spot / U.S. Dollar

Bullish rally continues on gold .

The market is currently trading within a rising parallel channel .

Here are the main key levels to watch:
  • The closest support is based on a support line of a channel
    and the confluence with a major daily underlined horizontal support
  • The closest resistance is based on the resistance of the channel
  • The next major resistance is 1815 daily structure cluster

Key levels serve as save points to trade from.
While the price is within, it is better to stay away.

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Comment: Check my new analysis on EURUSD:


Do you agree with my analysis?
@VasilyTrader You analyzed from the right perspective!
radheraj1809 VasilyTrader
@VasilyTrader, why dont u can come down from 1783...then go up???
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