GOLD - Daily chart
Gold has reached the major resistance at 1354 level. Now it looks like that it can expand its downward movement.
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| GOLD - Daily chart |
GOLD - H4 chart
Gold is still moving within uptrend channel. After hitting resistance at 1354 it's strongly declined and formed double top. I expect it'll decline more this week. Although now it's moving up, I think that around 1345 it'll bounce down. My trade plan is to set sell position near that area with 1331 and 1320 as targets.
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| GOLD - H4 chart |
Trade recommendation
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Sell around 1345
Target levels: T1: 1331 T2: 1320
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Current support levels
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Current resistance levels
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