🔹 Key Levels in the Gold Chart:
Resistance: $2,942 (new high) and $3,000 (major psychological target).
Support: $2,896 (current level) and $2,870 (next key support).
💡 Gold Trading Suggestions:
🔹 If you're in a long position, you can use retracement levels for re-entry.
🔹 If the correction deepens, consider $2,870 and $2,850 as strong support levels.
🔹 A breakout above $2,942 could lead to a move toward the $3,000 mark.
📌 Conclusion: The current pullback presents a buying opportunity for bullish traders. If conditions stabilize, the $3,000 target remains achievable. 🚀🔥💰
Resistance: $2,942 (new high) and $3,000 (major psychological target).
Support: $2,896 (current level) and $2,870 (next key support).
💡 Gold Trading Suggestions:
🔹 If you're in a long position, you can use retracement levels for re-entry.
🔹 If the correction deepens, consider $2,870 and $2,850 as strong support levels.
🔹 A breakout above $2,942 could lead to a move toward the $3,000 mark.
📌 Conclusion: The current pullback presents a buying opportunity for bullish traders. If conditions stabilize, the $3,000 target remains achievable. 🚀🔥💰
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.
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.