Yesterday's D1 candle was bullish, confirming the continuation of the uptrend. Following that uptrend, the Asian session saw a strong price increase to a high of 3443. If there is still confirmation from the h4 candle above 3397, today will still be a bullish candle with a large amplitude at the end of the day.
After reaching a monthly high, Gold is in a bearish correction at the end of the Asian session. This correction will last until it touches the support level of 3397, which is a good BUY signal.
The target for BUY signals will be 3364 and this area will have a profit-taking reaction from Buyers, causing the price to fall. Gold may touch the pre-ATH level of 3394 and there will be a reaction.
On the other hand, there is a sweep to 3376, which is considered a daily support zone and you can buy in this area.
Support: 3398- 3376
Resistance 3464-3495
After reaching a monthly high, Gold is in a bearish correction at the end of the Asian session. This correction will last until it touches the support level of 3397, which is a good BUY signal.
The target for BUY signals will be 3364 and this area will have a profit-taking reaction from Buyers, causing the price to fall. Gold may touch the pre-ATH level of 3394 and there will be a reaction.
On the other hand, there is a sweep to 3376, which is considered a daily support zone and you can buy in this area.
Support: 3398- 3376
Resistance 3464-3495
Trade active
notice resistance zone 3464 todayTrade closed: target reached
As analyzed Gold has Flase break 3443Note
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☘️My Telegram Channel: t.me/VHTraderFX
Join me to get Trading signals, Trading knowledge for investors
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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.