XAUUSD Daily Levels Analysis
Gold has just started a new Uptrend ( Breaking of Resistance Zone 1745.057). Current price is @1771.945 with the next Daily Resistance Zone @ (1794.471- 1820.384).
There is a potential counter-trend opportunity on lower timeframes (H1,H4).
If price breaks the Daily Resistance Zone (1794.471- 1820.384), strong indication on trend continuation and I'll be looking for entries on the H1,H4 Timeframe and ride the trend towards the next Daily Resistance Zone which is located @(1842.337- 1875.908).
There is a potential counter-trend opportunity on lower timeframes (H1,H4).
If price breaks the Daily Resistance Zone (1794.471- 1820.384), strong indication on trend continuation and I'll be looking for entries on the H1,H4 Timeframe and ride the trend towards the next Daily Resistance Zone which is located @(1842.337- 1875.908).
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