Gold meets a resistance zone (1795-1811) where a convulsive reaction will occur. In the H4 chart, gold is showing signs of breaking the uptrend channel, in the European session on August 11, 2021, it is likely that gold will return to the 1795-1800 zone before there is a decline. Also in the H4 chart of the US session yesterday, there was a gyro candle showing that the market is having a fight between buyers and sellers, according to my observations, the sellers are dominating.
Conclusion: Sell
Region (1795-1800)
SL 1813
TP1: 1773
TP2: 1743
Conclusion: Sell
Region (1795-1800)
SL 1813
TP1: 1773
TP2: 1743
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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.