• Vasily Trader

GOLD (XAUUSD): Key Levels to Watch

Hey traders,

Since the middle of October, Gold is trading in sideways on a daily.

While the market remains indecisive, here are the key levels for you to watch.

Resistance 1:

1807 - 1814 is the closest resistance & October's high.

Resistance 2:

1827 - 1834 is the key resistance based on Autumn's high.

Support 1:

1757 - 1764 brand new October's structure.

Respected 2 times in a row in October.

Support 2:

1719 - 1726 major daily support based on year's low.

Consider the underlined levels for a pullback/breakout trading.

Once the level is reached, wait for a confirmation before you open a trading position.