Hi Traders, in yesterday's Gold analysis I talked about buying opportunities at 1713 due to multiple confirmations lined up. If you've not watched the previous analysis i'll link it down in the description.
For now, I do expect further rally on Gold, but do not ignore some of the minor resistance above like 1740, 1743.
When price is technically still in a mid-long term downtrend, it's important for us to pay attention to some of these minor levels to avoid jumping into conclusion too quickly or get caught trying to chase the momentum.
Will keep you all updated.
If you enjoy the content, make sure you follow my profile and click the like button.
Take care and trade safe.
All the content I've posted are for educational purposes, please perform your own research and only take it as a reference.
For now, I do expect further rally on Gold, but do not ignore some of the minor resistance above like 1740, 1743.
When price is technically still in a mid-long term downtrend, it's important for us to pay attention to some of these minor levels to avoid jumping into conclusion too quickly or get caught trying to chase the momentum.
Will keep you all updated.
If you enjoy the content, make sure you follow my profile and click the like button.
Take care and trade safe.
All the content I've posted are for educational purposes, please perform your own research and only take it as a reference.
