XAU/USD: Ready for a Gold Rush or a Deep Dive?
After analyzing Gold on the M30 chart, we can observe that it has been moving upwards with strong momentum. Today's focus is on the fact that Gold had previously tested an extreme Order Block (OB) on the H1 chart. Post that, we now have an unmitigated Order Block below, which is expected to be tested once the price reaches the 3000 level.
For today’s outlook, if prices close above 2944-45, we can consider buying with the potential for a new all-time high. However, if we see a close below 2936-35, it would be prudent to wait and observe which level the price will test next. Remember, it is important to stay aligned with the trend, as the trend is your friend.
For today’s outlook, if prices close above 2944-45, we can consider buying with the potential for a new all-time high. However, if we see a close below 2936-35, it would be prudent to wait and observe which level the price will test next. Remember, it is important to stay aligned with the trend, as the trend is your friend.
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make mili here : t.me/+jU1F_3QG3Ws5MGE0
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.