Gold is still bullish as it is above the 3300 position and the support of 3285 seem strong but to hit 3345 market needs to break the 3316 resistance and h1 canle should be closed above 3320 which will increase the chances of bullish momentum.
Market is in a complicated range and is not giving a clear picture of the next trend which makes it hard to analyze but there are few levels we need to understand like 3285 is a supporting area as none of h1 as given closing below 3280 while market seems unable to break the 3316 area.
Technically the position of buy above 3325 would be pretty strong while 3316 would increase the chances of pump. market is still bullish but need to wait till market gives a clear breakout
Market is in a complicated range and is not giving a clear picture of the next trend which makes it hard to analyze but there are few levels we need to understand like 3285 is a supporting area as none of h1 as given closing below 3280 while market seems unable to break the 3316 area.
Technically the position of buy above 3325 would be pretty strong while 3316 would increase the chances of pump. market is still bullish but need to wait till market gives a clear breakout
Trade active
xauusd market has given a bullish breakout of 3316 and now there is one thing left h1 candle's closing above the 3325. However our first target 3325 is reached as market has touched 3330 almost.
Trade closed: target reached
Reached my target 3345. Market is flying like a jet Note
Will updates the chart for next week
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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.