GOLD (XAUUSD): Key Levels to Watch🥇
Updated
With yesterday's bearish breakout of multiple key levels,
our directional bias on Gold is very bearish.
Here are the key levels to watch for trading opportunities:
- Resistance 1 - 1750.0
Closest key resistance.
The price perfectly respected that retesting it on intraday time frames. - Resistance 2 - 1789.0 - 1796.0
The second strong resistance cluster.
This time represented as an area. - Resistance 3 - 1831.0 - 1835.0
The third major supply area. - Support 1 - 1675 - 1680
Closest key support based on a recent major rejection
and year's low.
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