With all the positive news gradually materialising, the upward momentum of gold has significantly slowed down.
Judging from the current trend, the resistance area around 3060 is quite crucial and exerts strong resistance. The support range remains at 3010-3020, but it is essential to closely monitor any changes in this support level, as the price might further decline to the secondary support level of 3000.
I suggest initiating short positions near the resistance zone today, which is relatively safe.
💎💎💎 XAUUSD 💎💎💎
🎁 Sell@3050 - 3060
🎁 TP 3030 3020
The market has been extremely volatile lately. If you can't figure out the market's direction, you'll only be a cash dispenser for others. If you also want to succeed，Follow the link below to get my daily strategy updates
Judging from the current trend, the resistance area around 3060 is quite crucial and exerts strong resistance. The support range remains at 3010-3020, but it is essential to closely monitor any changes in this support level, as the price might further decline to the secondary support level of 3000.
I suggest initiating short positions near the resistance zone today, which is relatively safe.
💎💎💎 XAUUSD 💎💎💎
🎁 Sell@3050 - 3060
🎁 TP 3030 3020
The market has been extremely volatile lately. If you can't figure out the market's direction, you'll only be a cash dispenser for others. If you also want to succeed，Follow the link below to get my daily strategy updates
Trade active
The support point of 3010 has been brokenTrade closed: target reached
The short - selling operation was carried out successfully.the 3,000 support level has been broken through.
Note
I made a profit of 4,000 by short selling today.
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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.
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.