Razor_Trade

Gold Next Target 1903 Support Zone

Short
VELOCITY:GOLD   Gold (XAU)
As Gold failed to break 1945.20 resistance level after some effort this forced a huge selling pressure to enter the market which is supported by fundamental data of NFP and PMI and Bond Yield and negative Data from China , the selling pressure could broke to 1929 support level and now 1929 level act as well-resistance level , after 2 test its potentially a intense resistance level if any other test proved this is resistance zone then the gold price will decline to 1903.

if any buying pressure could broke out to this level we will reach and test 1945.20 resistance level again.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.