Hey traders,
It turned out that ðŧgold is now trading in a consolidation.
The test of 1834 local structure high and a consequent bearish reaction
make the market stuck in a horizontal trading range.
1790.0 - 1794.0 is its support.
1830.0 - 1834.0 is its resistance.
It looks like bears will push to the lower boundary of the range now.
I managed to catch a very nice short trade from the resistance with a nice double top as a confirmation on 1H.
I will hold my short trade during the weekend.
1ïļâĢ If you missed shorting, wait for a test of support for buying.
2ïļâĢ Alternatively, the retest of the range's resistance may give a nice spot to short.
Don't forget about an intraday confirmation as your entry reason.
âĪïļPlease, support this idea with a like and comment!âĪïļ
āļāļ§āļēāļĄāļāļīāļāđāļŦāđāļ:
Check my new idea on EURGBP:
â
Join My Telegram Channel: t.me/VasilyTrading
âïļYouTube Channel www.youtube.com/c/VasilyTrader
ð°Instagram: www.instagram.com/VasilyTrader/ ð°
â Facebook: www.facebook.com/VasilyTrading/ â
âïļYouTube Channel www.youtube.com/c/VasilyTrader
ð°Instagram: www.instagram.com/VasilyTrader/ ð°
â Facebook: www.facebook.com/VasilyTrading/ â