Gold 1 hour weekly chart with both buy and sell entriesThis week promises to be quite eventful in the markets with Donald Trump taking office on January 20th. Initially, we can expect a strong USD until the markets stabilize.
For our chart this week, I've highlighted both the upside and downside. My plan is to monitor the market opening during the Asian session. If there isn't a sudden spike, I would consider entering a buy at 2704, targeting 2717 to 2720 as the first resistance. If this level is broken, I'll add at 2720 and trail.
On the downside, I'll enter a sell at 2696, aiming for 2694 and 2684 as the first resistance levels.
Chart is 1 hour ill update as the week progresses.
Check out my other gold idea for a long position after pullback
Trade safe