Lots of resistances ahead
Actualizado
Gold found support on the channel trendline and was able to push up to a high resistance area.
Above 1990 there is the weekly candle close resistance zone, below we find a dynamic resistance and also a Liquity resistance area.
I expect that the price will test the zone again and may be faced by selling pressure. But be aware. If the price closes above the dynamic trendline, we probably see further bullish movements tomorrow and next week.
My suggestion, scalp short from 1988 - 1993 are tomorrow (Friday, 17.11.). TP will be 1975, 1980 and 1985
Above 1990 there is the weekly candle close resistance zone, below we find a dynamic resistance and also a Liquity resistance area.
I expect that the price will test the zone again and may be faced by selling pressure. But be aware. If the price closes above the dynamic trendline, we probably see further bullish movements tomorrow and next week.
My suggestion, scalp short from 1988 - 1993 are tomorrow (Friday, 17.11.). TP will be 1975, 1980 and 1985
Operación activa
Gold reached the liquidity zone again. You can start short with small risk. TP 1980.Nota
Gold reacted at the weekly candle close level and is about to retest the dynamic resistance. Oberserve the price development today.Operación cerrada: objetivo alcanzado
Target 1985 reached.Nota
1985 is now the key level to watch. If it breaks the other targets are open.New orders can be placed around 1987-1990 with tight SL at the current top (1993).
Be aware, that the breakout above the dynamic resistance line is still possible.
Nota
Pay attention to the strong support area around 1981 (precious candle close). If you haven't take all your profits so far, it's a good to at least go break even. Remember gold is in a strong uptrend currently.Operación cerrada: objetivo alcanzado
Target 1980 reached.Nota
Gold found support in 1979 (rising trendline). There won't be big shorting opportunities today, as the 1881 level will the key area today (yesterdays candle close). Thanks for following and hope you made some nice profits. Full movement: 130 Pips
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