Gold has finally reached 1800 and this is a significant level right now. We're expecting to see what is the next move.
The main idea is to see what is price reaction in the resistance zone. Those are the levels slightly above 1800!
If we see a rejection of this level and price leaving a wicks inside of the zone, than that would be an entry signal.
A more secure way to get involved is to wait for price to break below previous lows.
If market breaks below 1773, than that would confirm a potential move down to 1700.
All selling ideas will be gone if price breaks above 1830!
Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
The main idea is to see what is price reaction in the resistance zone. Those are the levels slightly above 1800!
If we see a rejection of this level and price leaving a wicks inside of the zone, than that would be an entry signal.
A more secure way to get involved is to wait for price to break below previous lows.
If market breaks below 1773, than that would confirm a potential move down to 1700.
All selling ideas will be gone if price breaks above 1830!
Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.