After reaching a new high of $3000, a psychological level, the Gold price started to consolidate within a horizontal channel on the 4-hour chart.
To buy Gold this week, it is advisable to wait for a breakout above the channel's resistance, which could lead to a movement towards at least 3020.
On the other hand, a bearish breakout below the channel's support could trigger a correctional movement down to around 2964.
It is recommended to wait for a breakout to confirm the direction of the next move.
To buy Gold this week, it is advisable to wait for a breakout above the channel's resistance, which could lead to a movement towards at least 3020.
On the other hand, a bearish breakout below the channel's support could trigger a correctional movement down to around 2964.
It is recommended to wait for a breakout to confirm the direction of the next move.
Join our Telegram channel for daily market update 👇👇
t.me/TheAceTrading
For paid signal👇👇 t.me/linofx1999
t.me/TheAceTrading
For paid signal👇👇 t.me/linofx1999
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.
Join our Telegram channel for daily market update 👇👇
t.me/TheAceTrading
For paid signal👇👇 t.me/linofx1999
t.me/TheAceTrading
For paid signal👇👇 t.me/linofx1999
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.