Welcome traders! Today we will be looking at GOLD for a possible sell setup.
At the moment, Gold is at a very strong daily resistance level, with the market forming a double top at this level. we are also near a key market resistance of $2000 which has held as a strong level in the past.
With these factors in mind, it may be a good time to consider entering a sell trade on GOLD. targeting the next level of support near 1950 or even 1920
If you found this analysis helpful, please give it a like and follow for more updates. Don't forget to leave a comment with your thoughts or questions! 🤝
At the moment, Gold is at a very strong daily resistance level, with the market forming a double top at this level. we are also near a key market resistance of $2000 which has held as a strong level in the past.
With these factors in mind, it may be a good time to consider entering a sell trade on GOLD. targeting the next level of support near 1950 or even 1920
If you found this analysis helpful, please give it a like and follow for more updates. Don't forget to leave a comment with your thoughts or questions! 🤝
Note
1950 already hit, close Tp1 if you entered the trade, profit 1.73%.move SL to breakeven
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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.
Related publications
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.