Hi Traders. Gold is current showing some weakness on the higher timeframe, especially on the daily chart, Wednesday's (10th August) candle close was a Pin-Bar rejection.
Some resistance above are 1794, 1798, 1802, these are all possible rejections point.
I will be monitoring these levels closely and see if price shows further weakness around these levels.
If you enjoy the content, make sure you follow my profile and click the like button.
Take care and trade safe.
All the content I've posted are for educational purposes, please perform your own research and only take it as a reference.
Some resistance above are 1794, 1798, 1802, these are all possible rejections point.
I will be monitoring these levels closely and see if price shows further weakness around these levels.
If you enjoy the content, make sure you follow my profile and click the like button.
Take care and trade safe.
All the content I've posted are for educational purposes, please perform your own research and only take it as a reference.
