Gold's Next Move: Retest or Correction?
Gold has been following a steady trend over the past week but has now broken it, indicating a potential shift in momentum. Traders should watch key levels closely as market dynamics evolve.
Scenario 1: Gold may retest the trendline before continuing its upward move to reach our target of 2770, with a potential break above 2777.
Scenario 2: The price could undergo a deeper correction towards the 2733-2730 zone before resuming its bullish momentum towards our target.
The overall market trend remains strongly bullish, so we should focus on buying opportunities in line with the trend.
Note: Always conduct your own analysis before making any trading decisions.
Scenario 1: Gold may retest the trendline before continuing its upward move to reach our target of 2770, with a potential break above 2777.
Scenario 2: The price could undergo a deeper correction towards the 2733-2730 zone before resuming its bullish momentum towards our target.
The overall market trend remains strongly bullish, so we should focus on buying opportunities in line with the trend.
Note: Always conduct your own analysis before making any trading decisions.
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.