Gold rejects 1824 and rallies 1% from the lows: Daily key levels
|Gold shorts just got trapped on a break of yesterday's lows.
I was short on that setup but quickly closed at breakeven with no bearish momentum. Now Gold has rallied 1% from the lows and I'm looking for further upside at the open.
The next key zone is between yesterday's and Monday's highs or the 1843.60 - 1846.60 zone
A break here will trigger further upside.
Here are today's key levels
R1- 1840.00
R2- 1850.00
R3- 1860.00
S1- 1830.00
S2- 1820.00
S3 1810.00
Join Learn 2 Trade VIP Group now!
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.