GOLD (XAUUSD): Key Levels to Watch
With yesterday's bearish breakout of multiple key levels,
Here are the key levels to watch for trading opportunities:
Resistance 1 - 1750.0 Closest key resistance. The price perfectly respected that retesting it on intraday time frames.
Resistance 2 - 1789.0 - 1796.0 The second strong resistance cluster. This time represented as an area.
Resistance 3 - 1831.0 - 1835.0 The third major supply area.
Support 1 - 1675 - 1680 Closest key support based on a recent major rejection and year's low.