TradingView
VasilyTrader
Apr 16, 2021 11:48 AM

GOLD (XAUUSD) Key Points to Watch Long

GoldOANDA

Description



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.

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

⬇️Subscribe to my social networks!⬇️

Comment

Check my new analysis on EURUSD:
Comments
VasilyTrader
Do you agree with my analysis?
soniaasu
@VasilyTrader You analyzed from the right perspective!
radheraj1809
@VasilyTrader, why dont u think...it can come down from 1783...then go up???
More