Gold Spot / U.S. DollarUpdated Gold possible move.. (must read caption)
Hello dear fellow traders, I have prepared this setup. What are your reviews about it? Watch it and share your thoughts in the comment section..
Gold previously was at the lower side on the Friday even though the Dollar price fell back from its peak.
For this week as you can see in the analysis diagram above market first move apparently is towards 2651, it will break and then the price must reach 2666. And possibly can move towards 2677 on one clause if the H4 candle closes above 2666.
On the other hand if the H4 candle closes below 2636 as lower of the previous day then it will drop down to 2621 and if it breaks then it will reach 2601.
Today's Key levels;
Resistances: 2651, 2666, 2677.
Supports: 2636, 2621, 2601.
Outlook of the trend;
Will consolidates between 2636 and 2651.
Bullish trend will be seen; above 2650.
Bearish trend will be seen; below 2636.
Kindly support me, like, comment and follow for more updates..
Note: One thing you should always keep in mind know it is for educational purposes not the trading advice.
Gold previously was at the lower side on the Friday even though the Dollar price fell back from its peak.
For this week as you can see in the analysis diagram above market first move apparently is towards 2651, it will break and then the price must reach 2666. And possibly can move towards 2677 on one clause if the H4 candle closes above 2666.
On the other hand if the H4 candle closes below 2636 as lower of the previous day then it will drop down to 2621 and if it breaks then it will reach 2601.
Today's Key levels;
Resistances: 2651, 2666, 2677.
Supports: 2636, 2621, 2601.
Outlook of the trend;
Will consolidates between 2636 and 2651.
Bullish trend will be seen; above 2650.
Bearish trend will be seen; below 2636.
Kindly support me, like, comment and follow for more updates..
Note: One thing you should always keep in mind know it is for educational purposes not the trading advice.
Trade closed: target reached
As i said in above analysis market did the same and those read it know it 
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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.
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.