Following the news run on 18th July during pre-NY and trailing up during the whole of NYSE, Gold is at a strong 4 hour resistance zone.
With clean traffic both long and short direction, a breakout with confirmation either ways would indicate entry for scalpers.
For buys, I'm looking only a volume session brekouts from
a) 1984.435 to 1990.211 (buy)
b) 1975.045 to 1963.792 (short)
1990.211 is a strong Month resistance zone. price would most likely bounce of and retrace down. A breakout would probably be due to news or certain external factors.
With clean traffic both long and short direction, a breakout with confirmation either ways would indicate entry for scalpers.
For buys, I'm looking only a volume session brekouts from
a) 1984.435 to 1990.211 (buy)
b) 1975.045 to 1963.792 (short)
1990.211 is a strong Month resistance zone. price would most likely bounce of and retrace down. A breakout would probably be due to news or certain external factors.
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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.