GOLD (XAUUSD): Key Level to Watch 🥇

6 ביולי 2022

Hey traders,

Gold broke a key horizontal structure yesterday.
Here is my latest structure analysis.

Resistance 1: 1784 - 1790 area.
Resistance 2: 1805 - 1814 area.

Support 1: 1752 - 1758 area.
Support 2: 1722 - 1728 area.

As you can see, the price did not manage to reach Support 1 after a breakout.
For that reasons, I remain bearish biased and assume that the market will go lower soon.

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7 ביולי 2022

הערה

Check my new idea on EURGBP: