Last week, prior to Powell’s speech, we expected a move down to the $3280 area.
While we anticipated a brief pullback to lighten liquidity around $3400 first,
price instead dropped straight down without a bounce.
✅ The reaction at our level was spot-on,
culminating in a weekly close above $3360 — very bullish.
With liquidity around $3370 already cleared,
we don’t expect strong resistance ahead.
📈 The preferred strategy for this week: Buy gold.
🎯 A solid entry zone lies between $3320–$3330.
⚠️ For those insisting on counter-trend trades,
we strongly advise keeping targets small.
While we anticipated a brief pullback to lighten liquidity around $3400 first,
price instead dropped straight down without a bounce.
✅ The reaction at our level was spot-on,
culminating in a weekly close above $3360 — very bullish.
With liquidity around $3370 already cleared,
we don’t expect strong resistance ahead.
📈 The preferred strategy for this week: Buy gold.
🎯 A solid entry zone lies between $3320–$3330.
⚠️ For those insisting on counter-trend trades,
we strongly advise keeping targets small.
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.