During the weekend session, the gold price did not fluctuate due to the market holiday, however this morning it continued to have a very strong increase, creating a large gap. Currently, it has breached the psychological resistance mark of 2250 and is sinking deep into the overbought zone. If it continues to go up, the confluence mark of 2300 will be a potential target area. However, the market is currently very easy to adjust after many sessions of strong increases. If you buy too quickly, you should wait for corrections to have a better entry point.
Note
Note
Gold is slowing down after a surge at the beginning of the sessionNote
BUY LIMIT 2240 - 2238 TP1: 2245
TP2: 2255
SL: 2235
Note
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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.