There are still selling pressure on Gold
Hey guys, hope you are good.
it seems that there are a lot of sell orders between 1814 & 1818. after every two times the price reached this level last week, we saw a rejection and a strong move to the downside. so putting a sell limit order here may not be a bad idea as it seems price will reach this level once more this week. even we might see a fake out above this area. so be careful with your stop loss.
if enjoyed my analysis please hit that like button and share it to your friends.
please note that this is not a financial advice, always do your own research.
thank you for your attentin and good luck
it seems that there are a lot of sell orders between 1814 & 1818. after every two times the price reached this level last week, we saw a rejection and a strong move to the downside. so putting a sell limit order here may not be a bad idea as it seems price will reach this level once more this week. even we might see a fake out above this area. so be careful with your stop loss.
if enjoyed my analysis please hit that like button and share it to your friends.
please note that this is not a financial advice, always do your own research.
thank you for your attentin and good luck