GOLD is currently below an important resistance zone.
From its current levels up to 1831, this is a resistance zone and we will be monitoring how price reacts in and around it.
It's still too early to look for potential trading opportunities but in case we see another try for a breakout and then a pullback to follow,
then this could mean that we might have an entry.
In order for this downside direction to be confirmed we have to wait for a push off and a breakout of previous lows!
If price manages to break above this zone with an impulse then we won't look for selling opportunities,
but we will wait for the next zone in our next analysis!
From its current levels up to 1831, this is a resistance zone and we will be monitoring how price reacts in and around it.
It's still too early to look for potential trading opportunities but in case we see another try for a breakout and then a pullback to follow,
then this could mean that we might have an entry.
In order for this downside direction to be confirmed we have to wait for a push off and a breakout of previous lows!
If price manages to break above this zone with an impulse then we won't look for selling opportunities,
but we will wait for the next zone in our next analysis!
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❓ If you got questions: t.me/Semkov
💰 PAID SIGNALS AND ANALYSIS: t.me/Semkov
💡 If you want to know on what basis we make our entries, get in here: t.me/trendlinefreetrade