Gold is still in the rising price channel
Updated
Gold stays above the $2030 level, supported by falling Treasury yields. The broad pullback in precious metals markets did not put any pressure on gold in today’s trading session.
In case gold settles above $2040, it will head towards the resistance at $2065 – $2075.
- The current situation is that GOLD is still in an increasing channel H4 and is gradually compressing higher.
- Sellers' expectations are for a large daily bearish channel and bearish correction
==> Currently, the fluctuation range in OB is also high.
Seller be careful
The buyer has a beautiful order
In case gold settles above $2040, it will head towards the resistance at $2065 – $2075.
- The current situation is that GOLD is still in an increasing channel H4 and is gradually compressing higher.
- Sellers' expectations are for a large daily bearish channel and bearish correction
==> Currently, the fluctuation range in OB is also high.
Seller be careful
The buyer has a beautiful order
Comment
BUY STOP 2038 - 2040 ✔️✔️💵TP 2048 - 2053
❌SL 2033
Comment
SELL XAUUSD 2048 - 2051 ✔️✔️💵TP 2040 - 2035
❌SL 2058
Comment
BUY STOP 2038 - 2040 ✔️✔️ + 100 pips close all
👉FREE SIGNALS EVERYDAY : t.me/ScalpingSignalsMrsea
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