Based on the daily chart, gold is approaching the strong supply zone of 1868 ~1880. A hidden bearish divergence appeal on daily RSI and could be a bearish reversal sign. So now we have to see how low is the pullback with the immediate support level below 1856/52, 1844/40, and 1831/26. However, if gold wants to swoop for more liquidity and it might continue to rise or bounce from any of the mentioned support levels to target the weekly resistance of 1904 ~ 1924 and then come down again.
Trade ist aktiv
⋅
Gold touched the daily and weekly resistance of 1921. So the price has to stay below this level in order for it to push down again.
@Hafiz641 if this resistance doesn’t hold then next up possible tgt 1933/58. However if price couldn’t stabilize above 1900 and breakout of the ascending trendline could be a good confirmation and level for sell.