GOLD ( INSIDE TWO TURNING LEVEL )

Jul 26

XAUUSD

HELLO TRADERS

• Tendency , the price is under bearish pressure , after breakout channel .
  
  
• TURNING LEVEL (1) : the price of this level at 2,391$, so if the price breaking this level reach a resistance level (1) .
  
  
• TURNING LEVEL (2) : yesterday this level worked a support level , as mentioned breakout 2,391$ reach this level ,the price of this level at 2,365$ , so if the price breaking this level reach a support level (1) .
  
  
• RESISTANCE LEVEL (1) : this level around 2,420$ , for reach this resistance level the price need breaking a turning level (1) .
  
  
• RESISTANCE LEVEL (2) : around 2,440$ , for reach this level it will be breaking by open 4h or 1h candle above resistance level (1)
  
  
• SUPPORT LEVEL (1) : this level around 2,340$, for reach this support level the price need breaking a turning level (2) .
  
  
• SUPPORT LEVEL (2) : support level at 2,320$ , for reach this level will be breaking by open 4h candle below support level (1) .
  
  
• CORRECTIVE LEVEL : currently price 2,374$ , have two scenario , first corrective 2,391 before dropping to touch a 2,365$ , then 2,340$ , second corrective 2,365$ to reach a 2,391$ , then breaking this level reach a resistance level (1).
  

TARGET LEVEL :

• RESISTANCE LEVEL : 2,420$ , 2,440$ .
  
• SUPPORT LEVEL : 2,340$ , 2,320$ .
  

Jul 26

Trade active

GOLD BUY 2,375$
TP 2,391$
SL 2,368$