Gold rejects 1824 and rallies 1% from the lows: Daily key levels

Orlando Gutierrez Learn 2 Trade

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

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Author

Orlando Gutierrez

Learn 2 Trade

Orlando has been involved in the financial markets for about 10 years. His focus is Global Macro and he is a strong believer that the best way to trade the currency markets is focusing on the big picture and holding on to big macro trends.

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