Gold at critical resistance at 2,935/40

Jason Sen DayTradeIdeas.co.uk

Gold

Gold unexpectedly shot higher to through resistance again at 2900/2905 & shorts were stopped above 2910.
Gold is at a critical level as we test the short term 1 week upper trend line at 2935/40.
If you want to try a short, stop above 2944.
A sustained break above 2944 is a buy signal & we are likely to target 2956/58 & 2962/64.
However, failure to beat resistance at 2935/40 targets 2925/22 & 2916/13.

Author

Jason Sen

DayTradeIdeas.co.uk

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