GOLD (XAUUSD): Structure Analysis & Key Levels to Watch
Here are the key levels to be focused on trading Gold:
1827 - 1837 zone based on July's highs.
For now, it is the closest resistance and the goal for buyers.
1908 - 1918 zone is based on summer's high.
Recently broken major trend line .
Being a strong resistance previously, it turned into support now.
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