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Gold Spot / U.S. Dollar

GOLD DAILY TRADE IDEA & TRADE STRATEGY

By Fxoverseas

  1. The bull flag pattern in the daily time frame suggests a prolonged consolidation.
  2. A breakout above 2450-2460 or below 2300 will determine the future direction of gold.
  3. Key level of support at 2348-2352 holding strong, potential for new low if broken
  4. Important resistance is around 2385-2390, and crucial support is at 2350.
  5. Short-term support around 2363 for potential upside movement.
  6. Wait for candles to close in your direction before entering a trade.
  7. Go with the market's momentum and flow for successful trades
  8. Key support level identified at 2362-2364 for short-term buys, wait for confirmation through candle closes in the direction
  9. Resistance zone expected at 2385-2391 if price breaks below 2374
Fundamental AnalysisTrend Analysis
Fxoverseas
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