Gold is ready to fly soon. the drop that we have seen today was the correction in the market but the market is still bullish and will continue its trend. Russia and Ukraine war is getting intense and the dollar is falling constantly which indicates growth in the value of gold.
Current supporting areas are 3330 and 3285. There are some chances that market drop back to test the 3330 supporting position. The resistance above is apparent that is 3390 if market breaks this position than its next target will be the 3345 which is another resistance but stronger one.
Current supporting areas are 3330 and 3285. There are some chances that market drop back to test the 3330 supporting position. The resistance above is apparent that is 3390 if market breaks this position than its next target will be the 3345 which is another resistance but stronger one.
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480 pips gained from our buying area 3333 to 3385. that means we are half we there and can reach the target soon
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.