Hey traders,
For the last 3 trading weeks, Gold is very bullish .
Ahead is a strong structure resistance .
If you analyze the price action from February 2021 you may notice that the market is trading within a wide horizontal trading range.
1903 - 1917 is its upper boundary.
Once the price reaches that your task will be to look for an intraday confirmation to short.
Then a pullback will be expected at least to 1857 level, a bullish breakout of the underlined resistance will trigger a bullish continuation to 1960 level.
For the last 3 trading weeks, Gold is very bullish .
Ahead is a strong structure resistance .
If you analyze the price action from February 2021 you may notice that the market is trading within a wide horizontal trading range.
1903 - 1917 is its upper boundary.
Once the price reaches that your task will be to look for an intraday confirmation to short.
Then a pullback will be expected at least to 1857 level, a bullish breakout of the underlined resistance will trigger a bullish continuation to 1960 level.