Since Friday, Gold has been consolidating in a horizontal channel on an hourly chart.
If you are looking to buy Gold this week, wait for a breakout above the channel's resistance. It will initiate a movement higher, at least to 3260.
On the other hand, if there is a bearish breakout below the channel's support, this can trigger a local correctional movement, at least to 3190.
It is best to wait for a breakout for reliable confirmation before making any trades.
If you are looking to buy Gold this week, wait for a breakout above the channel's resistance. It will initiate a movement higher, at least to 3260.
On the other hand, if there is a bearish breakout below the channel's support, this can trigger a local correctional movement, at least to 3190.
It is best to wait for a breakout for reliable confirmation before making any trades.
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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.