Gold dips to massive support

Gold dips to massive support

Key Support: 1727 – 1723
Key Resistance: 1743 – 1755

Mid Term View
Gold is bullish and has been for a while, even when we saw the big pullback from all time highs to 1675. After that bottom, Gold has been trading inside a very structure bullish move.

30M Chart Analysis
After today´s dip from yesterday´s highs Gold is retesting a big level of support and the bottom of the bullish structure giving us a great risk to reward setup to go long.

buyers are heavy here and with Gold failing to move lower on  a USD rally this setups has an even greater probability should buyers hold this level.

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit
9.8

Highly volatile unregulated investment products. No EU investor protection.

  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$100 Min Deposit
9.8
  • 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
$100 Min Deposit
8.5
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
Share with other traders!

Author : Orlando Gutierrez

Leave a Reply

Your email address will not be published. Required fields are marked *