• Vasily Trader

GOLD (XAUUSD): Structure Analysis & Key Levels to Watch

Hey traders,

Here are the key levels to be focused on trading Gold:

Resistance 1:

1827 - 1837 zone based on July's highs.

For now, it is the closest resistance and the goal for buyers.

Resistance 2:

1908 - 1918 zone is based on summer's high.

Support 1:

Recently broken major trend line .

Being a strong resistance previously, it turned into support now.

Support 2:

1677 summer's low.

Consider these levels/areas for pullback/trend following trading.

Let the price reach them first and then look for confirmation on lower time frames to buy/sell