XAUUSD Trading Levels
As we seen on the chart above, the Gold started its distribution zone. But we should make sure it doesn't break the resistance. If it breaks, wait for the retest and we find a way to trade long. If not we wait for the retest on its distribution zone and strong rejection, then we go short. We also have one more accumulation zone at the bottom. The chart should retrace to its accumulation zone and it shouldn't break the zone. If it retest the zone and there is strong rejection, then we go long. Happy trading. Please use strict money management and don't forget this is spot metal. There is high volatility in the market.
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