Gold – ST Bullish Corrective Structure, Support Just Below | Feb 16


XAUUSD – ST Bullish Corrective Structure, Key Support Level Below (4hr chart)
For the last two weeks, Gold is holding it’s ST bullish corrective structure between 1219 and 1243. The 1219 level has held 2x as resistance and 2x as support for the year, so ST this marks a key RRL.

I’m bullish ST while above 1210 on a daily closing basis. Any pullbacks to the key support level might offer some intra-day trades. Meanwhile bulls will need to clear 1250 on a daily closing basis to add fresh buyers. Any impulsive selling near there will likely create a push towards 1219 to test the bids there.

gold rrl and key support level 2ndskiesforex

Want More? My private members get all my trade ideas & market commentary up to 3x per week. Click here to become a member.

Verified Profitable Trader

Hi, I'm Chris Capre, Founder of 2ndSkiesForex. I've turned $3,000 into $83,000 in my first 6 months of trading. I'm a verified profitable trader and trading mentor. I help traders of all levels change the way they think, trade and perform. As a professional trader, I specialize in trading price action and the Ichimoku cloud. As a trading mentor, I have one goal: to change the way you think, trade and perform using 18yrs of trading experience and cutting edge neuroscience to wire your brain for successful trading. Want to improve your trading edge and mindset? Check out my trading courses here.

Related Article