GOLD (XAUUSD): Updated Support & Resistance Analysis

8 нояб.

Here is my updated structure analysis and
important supports & resistances on Gold.

Horizontal Structures

Resistance 1: 2708 - 2732 area
Resistance 2: 2745 - 2761 area
Resistance 3: 2787 - 2790 area

Support 1: 2638 - 2648 area
Support 2: 2586 - 2608 area

Vertical Structures

Vertical Resistance 1: Rising trend line

For now, we can expect a bearish pressure from a Horizontal & Vertical Resistances 1.
Local bearish bias remains.

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