Support and resistance levels are essential concepts in gold trading that help define price boundaries. Support represents a price level where buying interest is strong enough to prevent the price from falling further, while resistance is where selling pressure prevents further price rises. A solid gold strategy involves identifying these key levels to time entries, exits, and stop-loss placements effectively. When gold breaks through these levels, it often leads to strong price movements that traders can capitalize on. Educational platforms like gold strategy explain methods for accurately spotting support and resistance, allowing traders to manage risk and increase trade accuracy.
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