looking for confirmation of buy positions
#Technical_Analysis
#Gold-1h
Late last week, we focused heavily on the 2666 resistance level and the liquidity above it, primarily looking for sell positions. There were some notable reactions to this level (especially during Friday’s news release), but none of these reactions managed to reverse the price trend. By the end of Friday’s trading session, the 2666 level was completely broken, and gold entered an uptrend.
Based on this, for Monday, we will look for confirmation of buy positions in the 1-hour timeframe at the support zones of 2672, 2674, and 2689.
#FarXpert
#Gold-1h
Late last week, we focused heavily on the 2666 resistance level and the liquidity above it, primarily looking for sell positions. There were some notable reactions to this level (especially during Friday’s news release), but none of these reactions managed to reverse the price trend. By the end of Friday’s trading session, the 2666 level was completely broken, and gold entered an uptrend.
Based on this, for Monday, we will look for confirmation of buy positions in the 1-hour timeframe at the support zones of 2672, 2674, and 2689.
#FarXpert
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