GOLD (XAUUSD): Key Level to Watch ðĨ
āļāļĩāđāļāļąāļāđāļāļ:
Hey traders,
Gold broke a key horizontal structure yesterday.
Here is my latest structure analysis.
Resistance 1: 1784 - 1790 area.
Resistance 2: 1805 - 1814 area.
Support 1: 1752 - 1758 area.
Support 2: 1722 - 1728 area.
As you can see, the price did not manage to reach Support 1 after a breakout.
For that reasons, I remain bearish biased and assume that the market will go lower soon.
âĪïļIf you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!âĪïļ
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