Gold is in upward channle lower high and higher high steps, currently stuck in a 30 point range of 2030 to 2060 area , low it is getting support and highs taking resistance. any voilation of this range in case lows gets voiltated it will test 2000 and in case of high (2062) it will test 2100 and above level.
Until proven otherwise play the extremes of this current 30 point range looks safe.
Until proven otherwise play the extremes of this current 30 point range looks safe.
Note
Breached 2030 level more downside from hereNote
Note
Note
Going for next support which is 2010 areaNote
Gold took support of 2015 as 2010 expected it did not happened now apporoaching resistance area of 2030 where sell off happened so keep checking on that level for negative price.Note
Note
Back into upper bracket of 2030-2060Note
Note
Rejected same area 2040 area fell againNote
Note
Stuck in RangeNote
Note
Support holdling as of nowNote
Support broke 2010 below 2000 will testNote
Note
Retesting the Support break of trendline and horizontal lineNote
Note
Now trading below 2000 as expecting with support breakNote
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.