Gold (XAUUSD): Key Levels to Watch This Week 🟡

6 ביוני 2023

Here is my latest structure analysis for Gold.

Resistance 1: 1977 - 1985 area
Resistance 2: 1999 - 2010 area
Resistance 3: 2034 - 2048 area
Resistance 4: 2063 - 2066 area

Support 1: 1932 - 1940 area
Support 2: 1975 - 1989 area

The market is currently stuck within a horizontal range.
Its upper boundary is Resistance 1, its lower boundary is Support 1.
It looks like after the test of the support, we may expect a bullish movement up to Resistance 1 now.

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