Key Support: 1684
Key Resistance: 1725 – 1750
Gold dipped this week from the weekly pivot to retest the 1680 level again. As discussed earlier this week this level is a massive support on the daily/weekly and very likely where big money is going to be stepping in.
On the lower times frames (1H) we saw price reject this level whilst printing a big bullish divergence. For our entry we waited for the base`s highs to break and we are targeting the previous week´s lows / weekly pivot.
Gold is currently up 1.1%
- Broker
- Min Deposit
- Score
- Visit Broker
- 20% welcome bonus of upto $10,000
- Minimum deposit $100
- Verify your account before the bonus is credited
9
- Award-winning Cryptocurrency trading platform
- $100 minimum deposit,
- FCA & Cysec regulated
9.8
- Over 100 different financial products
- Invest from as little as $10
- Same-day withdrawal is possible
9.8
- Award-winning Cryptocurrency trading platform
- 14 Cryptoassets available to invest in
- FCA & Cysec regulated
9.8
Highly volatile unregulated investment products. No EU investor protection.
- Trade top Cryptos such as Bitcoin, Litecoin and Ethereum plus more
- Zero commissions and no bank fees on transactions
- Around the clock service with support in 14 languages
8.5
- Fund Moneta Markets account with a minimum of $250
- Opt in using the form to claim your 50% deposit bonus
9
Share with other traders!
