Gold Support and Resistance levels to look for entries as of now current trend is clear downtrend in past week with dollar index on rise more fall expecting this week,Only above 2035-2040 area sustains it will change character to bullish until then sell on rise applies or buy on support levels to target above minor resistance areas (scalping).
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Posting DXY chart for reference
코멘트:
2022 at minor resistance
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코멘트:
2022 area failed to hold as resistance might test 2030 area again
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2030 area now acting as resistance
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2030 area rejected now trading at 2018
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Stll bearish below 2050 this 2040 area is important now as DXY is also trying to go past 105 comming days expecting gold will test 2000 levels if sustains below 2040 area.
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2050 area successfully broke and rallied
