Short if unable to stand above 1545
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after a few days of set up, gold found its latest main support at 1525, hence shoot up to 1550 but unable to sustain and thus hanging in the middle of 1540-1550 for about 8 hours of trading hours.
1545 is now became the major resistance for the bullish continuation. A great short opportunity comes along when it is unable to break 1545 in the next 4H candle. Target: 1533, and if this level not sustaining, 1528, 1519 will be the support level. 1508 will be the next suport if all of these broken.
In my point of view, if u have entered a short selling , 1546-1547 will be the range to stop out. Then wait for another setup to short again.
What's in your mind? LEt's talk :)
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1545 is now became the major resistance for the bullish continuation. A great short opportunity comes along when it is unable to break 1545 in the next 4H candle. Target: 1533, and if this level not sustaining, 1528, 1519 will be the support level. 1508 will be the next suport if all of these broken.
In my point of view, if u have entered a short selling , 1546-1547 will be the range to stop out. Then wait for another setup to short again.
What's in your mind? LEt's talk :)
JOin my telegram channel to get more free analysis and signals (Oil, Gold, Indices, USD pairings)
Ghi chú
phew! 1556 reached yesterday, and today was down to 1542 (ATM)! ceiling level: 1556, 1550, 1543
if the price level can't go back to at least one of it, then it is the time for gold to "enjoy" a short break :)
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