GOLD (XAUUSD): Waiting For Confirmation
Gold is currently trading in a strong bullish trend.
After setting a new higher high higher close on a 4H time frame, the pair started to consolidate within a horizontal trading range.
I am anticipating a bullish breakout above the resistance level of the range.
A 4-hour candle closing above 2943 will indicate the buyers' strength, confirming a bullish continuation.
The next target for buyers will be 2980.
After setting a new higher high higher close on a 4H time frame, the pair started to consolidate within a horizontal trading range.
I am anticipating a bullish breakout above the resistance level of the range.
A 4-hour candle closing above 2943 will indicate the buyers' strength, confirming a bullish continuation.
The next target for buyers will be 2980.
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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
Related publications
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.