In my analysis yesterday, I mentioned that gold could reverse above 2400 and rise to the key resistance zone between 2420 and 2430.
However, swing traders should look for selling opportunities in this zone rather than buying in anticipation of hitting resistance.
Indeed, the price has moved into this zone, and my strategy remains the same: sell rallies in the area of yesterday's highs.
This outlook would only be invalidated if the week's close is near 2440.
However, swing traders should look for selling opportunities in this zone rather than buying in anticipation of hitting resistance.
Indeed, the price has moved into this zone, and my strategy remains the same: sell rallies in the area of yesterday's highs.
This outlook would only be invalidated if the week's close is near 2440.
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📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
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.