Gold daily analysis 14.04.2022
Gold is trying to break 1981 but is not able to close above it in daily chart. This shows the selling pressure here.
Moreover there is green in daily chart from six days. So bulls need a break and retest the support levels at 1967 or 1957.
The trend will be bullish until gold not forms a lower low below 1964.
The important levels for today are 1952-1957-1964-1967 on bearish side
1972-1981-1988(strong resistance)-1998-2004-2014 on bullish side
I suggest to look for buying opportunities if gold pulls back to 1950 or 1960 levels.
1948 is a very strong support after 1916.
BUY 1968 SL 1962 TP 1980
SELL 1980 SL 1982 TP 1974 (scalp)
Moreover there is green in daily chart from six days. So bulls need a break and retest the support levels at 1967 or 1957.
The trend will be bullish until gold not forms a lower low below 1964.
The important levels for today are 1952-1957-1964-1967 on bearish side
1972-1981-1988(strong resistance)-1998-2004-2014 on bullish side
I suggest to look for buying opportunities if gold pulls back to 1950 or 1960 levels.
1948 is a very strong support after 1916.
BUY 1968 SL 1962 TP 1980
SELL 1980 SL 1982 TP 1974 (scalp)
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