Gold price is trying to brake a downtrend in a strong S/R zone
In my time frame (daily timeframe) the long term trend is uptrend but in this moment price is under the short-time downtrend and trying to break that. In the other hand we have a very strong S/R zone here(1912 -1917).
Last night thes zone kept its resistance situation. I think gold can't break this level unless comes down to 1916 or even 1799 zones.
We can wait for mentioned support levels to open long positions. If you are intraday trader you can have short too.
Last night thes zone kept its resistance situation. I think gold can't break this level unless comes down to 1916 or even 1799 zones.
We can wait for mentioned support levels to open long positions. If you are intraday trader you can have short too.
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