The market is testing the previously broken area on the background of the rally. Most likely there may be an attempt to form a global reversal pattern. The price is in the green zone relative to the previously dominating bearish trend. The 1948-1935 area plays an important role as a support and liquidity area.
Support levels: 1945.8, 1932.9
Resistance levels: 1955.2, 0.236 Fibo
I assume that the correction is not over yet, as the news is still a few hours away and the market may shake. The dollar shows prerequisites for a possible decline, and gold is testing levels relative to which a setup for a reversal and continuation of growth may appear.
Support levels: 1945.8, 1932.9
Resistance levels: 1955.2, 0.236 Fibo
I assume that the correction is not over yet, as the news is still a few hours away and the market may shake. The dollar shows prerequisites for a possible decline, and gold is testing levels relative to which a setup for a reversal and continuation of growth may appear.
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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.