Gold Daily Analysis 23.08.2022
Yesterday gold tested 1727 which is lower support of value zone. Today Gold will test the 1746 level and this will decide if we have breakout or not. Gold is in heavy bearish trend. So bears are more strong. All other currencies are also falling. So its better to follow the trend for intraday. But considering the lower lows being made these are very good price for longterm buy. If gold fails to close above 1746 in 4 hours then we may make a new low of 1716 if bears keep pressure. Also we have important news in US session. So we can expect breakout in this time.
SELL 1746 SL 1752 TP 1728
BUY STOP 1752 SL 1742 TP 1772
SELL 1746 SL 1752 TP 1728
BUY STOP 1752 SL 1742 TP 1772
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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.