Is gold actually going for a breakout this time?
The 1790-95 zone acts as a serious support for price. It has been tested multiple times and every time price bounces of.
A crucial moment is approaching. Tomorrow we have FED Interest rate decision and that's definitely going to affect price on gold.
If we see market below the support at 1795 then we will be looking for a move down at least to 1775.
It's very likely that we could see a strong impulse on the breakout. Normally this could be done by placing a pending orders.
You can find out more about the pending orders from todays educational post on that right here:
In tomorrow's analysis we will see what are the next support levels that we should be aware of!
👍 Please support this idea with like and comment so we can help more people together.
Thank you in advance! 🙏
A crucial moment is approaching. Tomorrow we have FED Interest rate decision and that's definitely going to affect price on gold.
If we see market below the support at 1795 then we will be looking for a move down at least to 1775.
It's very likely that we could see a strong impulse on the breakout. Normally this could be done by placing a pending orders.
You can find out more about the pending orders from todays educational post on that right here:
In tomorrow's analysis we will see what are the next support levels that we should be aware of!
👍 Please support this idea with like and comment so we can help more people together.
Thank you in advance! 🙏
Note
28.08.2021 Strong fluctuation on gold today! Be ready!
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✅ JOIN FREE TELEGRAM: t.me/trendlinefreetrade
❓ If you got questions: t.me/Semkov
💡 If you want to know on what basis we make our entries, get in here: t.me/trendlinefreetrade
❓ If you got questions: t.me/Semkov
💡 If you want to know on what basis we make our entries, get in here: t.me/trendlinefreetrade
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.