Gold Multi-Timeframe analysis

Hi Traders

Gold Multi-Timeframe analysis

H1 CHART (BEARISH)

Waiting for a retracement higher towards the 1789.44 resistance level in order to reinstate SHORT positions. Next important resistance is the 1815.86 level.

Support & Resistances
1769.08 1789.44
1757.59 1815.86
1737.56 1826.34

H4 CHART (BEARISH)

A high probability, entry signal to go SHORT was given at 1778.47 after the market found resistance at 1789.86 . Only the upward break of 1789.86 would cancel the bearish scenario.

Support & Resistances
1769.41 1785.06
1757.59 1789.44
1737.56 1855.35

DAILY CHART (BEARISH)

Waiting for a retracement higher towards the 1818.87 resistance level in order to reinstate SHORT positions. Next important resistance is the 1855.35 level.

Support & Resistances
1784.86 1818.87
1764.34 1855.35
1743.59 1875.28

WEEKLY CHART (BEARISH)

A low probability, entry signal to go SHORT was given at 1778.09 after the market found resistance at 1966.29 . Only the upward break of 1966.29 would cancel the bearish scenario and take us LONG.

Support & Resistances
1764.34 1848.60
1703.36 1965.40
1649.30 2074.89