GOLD AROUND A MASSIVE ZONE

8 mag 2023

Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX

If you like the idea, do not forget to support with a like and follow.

QUICK UPDATE FOR GOLD!

As we can see price is still around a massive resistance zone from higher time frames and price was testing the all-time highs as well

However, price formed a major swing low and for the bears to kick in we need a break below the marked major swing low.

Then expect a further movement lower would be expected.

And as the price will be trading lower till the next support zone, we will be looking for new longs as well.

Meanwhile, price is still overall bullish, and if we had a break above our resistance zone in a clean manner then expect a further movement higher.


If you like this kind of analysis don't forget to like and follow

and as usual follow your trading plan and manage your risk.

Be patient and good luck!