GOLD (XAUUSD): Key Levels to Watch This Week🥇

6 בדצמ׳ 2022

Hey traders,

Here is my structure analysis for Gold for this week.

Resistance 1: 1801 - 1810 area
Resistance 2: 1856 - 1857 area
Resistance 3: 1871 - 1879 area

Support 1: 1757 - 1764 area
Support 2: 1727 - 1741 area

The price has nicely respected Resistance 1 and dropped from that.
Now, everything depends on the reaction of the price to Support 1.
Watch carefully and consider the underlined structure for pullback / breakout trading.

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