GOLD ANALYSIS
GOLD ANALYSIS
There is a strong Resistance level at 2520 range.
However, gold had tested previously 2530 range multiple times.
If Gold breaks current resistance level it would be aiming 2530-2545 range.
If resistance holds, we would be seeing a retracement back downwards to 2484 range of support.
My Opinion:- Best form of trading consolidation is;
Sell the highest buy point and buy the lowest Sell Point.
NOTE
Resistance Level is 2520-2528.35
Suppport level is 2484-2472.51
There is a strong Resistance level at 2520 range.
However, gold had tested previously 2530 range multiple times.
If Gold breaks current resistance level it would be aiming 2530-2545 range.
If resistance holds, we would be seeing a retracement back downwards to 2484 range of support.
My Opinion:- Best form of trading consolidation is;
Sell the highest buy point and buy the lowest Sell Point.
NOTE
Resistance Level is 2520-2528.35
Suppport level is 2484-2472.51
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