Gold is Under Presure, PRICE ANALYSIS 26 June 2023
Well last week gold closed really good with a clear bearish candle and this zone is a clear re-buy zone. at this time price is at 1930 and can go up to 1942 which is next resistance level but I believe it is going to test 1903 level with in this week and I am waiting for price reversal for today to short it. Gold is still in it's bearish trend and will reach 1903 soon.
GOLD
- In bearish pattern
- I see that it will continue it's bearish move
- DXY is at resistance level and can break this resistance
- DXY will move up-to 103.000 level and above, which will pressure gold to go bearish
Continue with Entry:
GOLD Short Zone: 1932-38.00
Stop Loss - 1946.00
Take Profit: TP1: 1920.00 | TP2: 1910.00 | TP3: 1903.00
Intraday Support Resistance Level.
Pivot Level: 1922.83
Resistance Level: R1:1935.58 | R2:1949.973 | R3:1962.720
Support Level: S1:1908.443 | S2:1895.698 | S3:1881.305
Support my work with like & comment! Thanks.
GOLD
- In bearish pattern
- I see that it will continue it's bearish move
- DXY is at resistance level and can break this resistance
- DXY will move up-to 103.000 level and above, which will pressure gold to go bearish
Continue with Entry:
GOLD Short Zone: 1932-38.00
Stop Loss - 1946.00
Take Profit: TP1: 1920.00 | TP2: 1910.00 | TP3: 1903.00
Intraday Support Resistance Level.
Pivot Level: 1922.83
Resistance Level: R1:1935.58 | R2:1949.973 | R3:1962.720
Support Level: S1:1908.443 | S2:1895.698 | S3:1881.305
Support my work with like & comment! Thanks.
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.