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
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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.