Gold is facing strong resistance near the $3,060 - $3,070 zone, where price has rejected multiple times. A potential sell opportunity is forming if the price fails to break this resistance.
🔻 Entry: Near $3,058 - $3,060
🔻 Stop Loss: $3,087 (Above resistance zone)
🔻 Take Profit 1: $3,025
🔻 Take Profit 2: $3,004
The market structure suggests a possible rejection from resistance, leading to a drop toward key support levels. A break above $3,070 may invalidate this setup.
🔻 Entry: Near $3,058 - $3,060
🔻 Stop Loss: $3,087 (Above resistance zone)
🔻 Take Profit 1: $3,025
🔻 Take Profit 2: $3,004
The market structure suggests a possible rejection from resistance, leading to a drop toward key support levels. A break above $3,070 may invalidate this setup.
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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.