gold has been bullish since the Moody's report regarding the rating of dollar and the US debt and the impact would last few more days. currently gold can go high as its momentum is in favor of bulls.
Technically the resistance is 3345 that market seems unable to break while 3320 is the support area as market has twice pushed the gold price from this area.
Market can go higher than the target that i have set if it successfully breaks the resistance 3345 and h1 and h4 candles give closing above the 3350 area.
My entries are 3320 and 3310 while the targets are 3345 and 3360
Technically the resistance is 3345 that market seems unable to break while 3320 is the support area as market has twice pushed the gold price from this area.
Market can go higher than the target that i have set if it successfully breaks the resistance 3345 and h1 and h4 candles give closing above the 3350 area.
My entries are 3320 and 3310 while the targets are 3345 and 3360
Trade active
Target 1 reached 3345. by the way market has touched 3350 but inorder to reach 3360 h1 need to be closed above 3350Trade closed: target reached
Target 3360 Reached.
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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.