XAUUSD Gold weekly still bearish
XAUUSD GOLD
1W TF
Strong Resistance: 1862
Current Resistance Area: 1804-1808
Current Support Area: 1758-1766
Strong Support Area: 1677-1707
Day Higher High
Day Higher Low
Weekly Bearish
Gold tested Strong resistance area at around 16th Nov and tested current support area on 2nd Dec
Ever since the previous low on 29th Sept (1721.71), Gold has been rising but failed to break out the Strong Resistance area (1877.15) on 16th Nov
No clear signal Buy or Sell
Many high impact news this week
Bias Idea
Likely to test the Current Support Area again
Sell Limit area: 1795-1797
TP: 1758-1766
SL: 1809
R/R= 1:2.58
1W TF
Strong Resistance: 1862
Current Resistance Area: 1804-1808
Current Support Area: 1758-1766
Strong Support Area: 1677-1707
Day Higher High
Day Higher Low
Weekly Bearish
Gold tested Strong resistance area at around 16th Nov and tested current support area on 2nd Dec
Ever since the previous low on 29th Sept (1721.71), Gold has been rising but failed to break out the Strong Resistance area (1877.15) on 16th Nov
No clear signal Buy or Sell
Many high impact news this week
Bias Idea
Likely to test the Current Support Area again
Sell Limit area: 1795-1797
TP: 1758-1766
SL: 1809
R/R= 1:2.58
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