Goldbuy
GOLDLast week gold break throught into a new zone 1820.00 . Price is making a retracement right now grabing some liquidity to push further more to 1838.00 maybe this week or next week.
I like to see in gold for buy opportunities . Anyway in analys i marked my zones that can help me during week for any good trade
Two key levels to watch on Aug Gold Futures - 1,775 and 1,765
1,775 is a near term level that formed over on the 1-hour time frame. Price tested this level on June 30th (yesterday) and held above. If we see a break lower, then this is an indication that buyers remain weak.
A more critical level to watch is the 1,765 as this formation originated back in April and has been holding up since. You can see take a look at the 4-hour chart below showing the formation of this level. Every time price has broken above, it quickly trended back below. If this level continues to hold up, we can remain bullish on gold.
The uptrend continues! | GOLDWe are in an uptrend of all periods, and on Friday the price forms a very clear bottom.
It confirms the situation and allows for purchases.
Resistance levels:
1784
1793
1805
Gold is at its highest levels since 2012 and is close to the historic peak of 2011!
Do you expect it to reach the historic peak?