Gold Support and Resistance Levels

Feb 17

Gold Support and Resistance levels to look for entries as of now current trend is clear downtrend in past week with dollar index on rise more fall expecting this week,Only above 2035-2040 area sustains it will change character to bullish until then sell on rise applies or buy on support levels to target above minor resistance areas (scalping).

Feb 17

Note

Posting DXY chart for reference

Feb 19

Note

2022 at minor resistance

Feb 20

Note

Feb 20

Note

2022 area failed to hold as resistance might test 2030 area again

Feb 22

Note

2030 area now acting as resistance

Feb 23

Note

2030 area rejected now trading at 2018

Feb 24

Note

Stll bearish below 2050 this 2040 area is important now as DXY is also trying to go past 105 comming days expecting gold will test 2000 levels if sustains below 2040 area.

Mar 2

Note

2050 area successfully broke and rallied