Gold Daily Analysis 13.03.23
Gold made a high of 1894 and faced resistance here. This high is caused due to weakness of USD and market will be volatile this week.
So we shall see for small trades and enter in trades only when price reaches near strong support or resistance levels.
The value zone is bullish trending upwards. The next resistance levels are at 1900-1924
The support levels are 1848-1868.
I suggest to prefer BUY trades only.
BUY 1868 SL 1840 TP 1888
BUY 1848 SL 1840 TP 1888
SELL 1900 SL 1908 TP 1888
SELL 1924 TP 1888
So we shall see for small trades and enter in trades only when price reaches near strong support or resistance levels.
The value zone is bullish trending upwards. The next resistance levels are at 1900-1924
The support levels are 1848-1868.
I suggest to prefer BUY trades only.
BUY 1868 SL 1840 TP 1888
BUY 1848 SL 1840 TP 1888
SELL 1900 SL 1908 TP 1888
SELL 1924 TP 1888
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