Gold: Weekly overviewHello Traders,
Political condition could cause unstable movements in the market.
The indicated levels are determined based on the most reaction points and the assumption of approximately equal distance between the zones.
These points can also be confirmed by the mathematical intervals of Murray.
After reacting to the following zones, you can enter the trade. Place the stop loss slightly above/below the zone to which the reaction was shown. The profit point is the next zone.
The drawn channels and their medians can also be considered as moving support and resistance. I usually use them as target points.
* A break is confirmed, only if price does not have any moving S&R on it's way.
This analysis is valid until the end of the week.
