Hello everyone,
What I see on the chart is a movement from 1780 to 2074 (294$) (old resistance) and its 61% correction to 1890.
There are some minor resistance ofc but the main resistance is 1965.
If this level breaks what we ganna see is a correction with a double bottom which most likely means a "NEW GOLD HIGH".
If gold breaks the 1965, ı will be watching 2040 - 2074 and 2184.
1811 is the support however I dont think we ganna test there. There is really good strong buyer on the 1890 levels.
What I see on the chart is a movement from 1780 to 2074 (294$) (old resistance) and its 61% correction to 1890.
There are some minor resistance ofc but the main resistance is 1965.
If this level breaks what we ganna see is a correction with a double bottom which most likely means a "NEW GOLD HIGH".
If gold breaks the 1965, ı will be watching 2040 - 2074 and 2184.
1811 is the support however I dont think we ganna test there. There is really good strong buyer on the 1890 levels.
Note
it seems quite nice
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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.