GOLD BULLISH
– Previous Daily candle closed weak bullish leaving the Rejection wick at 1864.250 rejecting the most recent Daily Resistance from (25.05.2022).
– Buys on close above 1862.800 targeting 4h Resistance at 1867.400 leaving Runners to 4h previous Support formed on (06.05.2022) at around 1872.400.
– Sells on close below 1853.400 targeting 30min Support at 1848.400 leaving Runners to 4h / 1h strong Support around 1843.000.
– If the price holds Daily Resistance formed at around 1866 and the current Daily candle breaks the previous Weekly Low closing below 1843 we could see the price tapping 1825 at the previous Daily Resistance formed on (17.05.2022) within the next week and even possibly tapping Daily Support at around 1810 retesting Weekly Support.
– Buys on close above 1862.800 targeting 4h Resistance at 1867.400 leaving Runners to 4h previous Support formed on (06.05.2022) at around 1872.400.
– Sells on close below 1853.400 targeting 30min Support at 1848.400 leaving Runners to 4h / 1h strong Support around 1843.000.
– If the price holds Daily Resistance formed at around 1866 and the current Daily candle breaks the previous Weekly Low closing below 1843 we could see the price tapping 1825 at the previous Daily Resistance formed on (17.05.2022) within the next week and even possibly tapping Daily Support at around 1810 retesting Weekly Support.
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