Hello, dear traders.
As for this instrument, yesterday, I opened a sell deal and I am still holding it. The flat area was broken through. In addition, there were even a couple of attempts to go above the 15th figure, but the gold is out of steam and it is time to make a deep correction. This is illustrated by the daily timeframe as well as the weekly and monthly ones.
Daily range: in the area of purchases, the first serious obstacle is the daily pivot level of 1503; in the area of sales, the control support level of 1485 and two additional levels for the maximum intraday reduction of 1478 and 1464 act as obstacles.
I am waiting for a full testing within the day, unless we break through the key support level. If the level persists, we will go back to the pivot level.
Previously, I wrote about the pair's growth to the 24th figure. The pound has almost reached it. I have opened another buy deal and I am still holding it, but I will probably close it soon, since the trading system shows that another downward movement to the 22nd figure is expected.
If the pound does not break through the correctional resistance level of 1276 soon, it will return to the pivot level and try to consolidate below it. In this case, I will sell with the targets of 2261 and 2226.
If the correctional resistance level is broken through, the pair will continue to grow to the level of 2468 and above.
Daily range: in the area of sales, there are two strong support levels of 2261 and 2226; in the area of purchases, we have the control resistance level of 2468 and an additional level for maximum growth within the day, that is, 2526.