XAUUSD [GOLD]: Too many levels and too many opportunities but TIMING IS THE MOST IMPORTANT FACTOR. Don't trade in the middle, trade at the levels when market will be in our favour.
Option1: If market bounces from the support zone of 1750-40, we can BUY.
Option2: As the market has been testing this level for a long time, the level is weakening. If the support breaks, Sell below 1740.
Option3: 1725-1717 is the strongest support zone in the gold right now. Good possibility of a reversal from the support. If it bounces from this support of 1728-1717, we can BUY.
Option 4: If market goes from the current position, SELL at the resistance zone of 1780-90.
Option 5: Buy above1790 [Beginners should avoid]
Option 6: If market reaches the level of 1805-1810, good possibility of a reversal.