GOLD (XAUUSD) Structure Analysis & Key Levels 🥇

Here is my latest structure analysis for Gold.

Horizontal Key Levels

Resistance 1: 2142 - 2150 area

Support 1: 1998 - 2009 area
Support 2: 1963 - 1977 area
Support 3: 1930 - 1938 area

Vertical Key Levels

Rising trend line - daily candle close below that will turn that trend line
into a vertical resistance.

My focus is on a trend line at the moment.
We see a breakout attempt of that.
Daily candle close below will be an important sign of strength of the sellers.

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Komentar:

The market closed below a trend line