Traders,
In our assessment of gold, we've identified crucial zones that warrant close attention:
Strong Reaction Zones: Anticipate significant market reactions at these levels.
Initial Take Profit (TP): The first TP may represent a relatively weaker point.
Trend Change Potential: Breaking above the top zone or below the lower zone has the potential to alter the prevailing trend, transforming supports into resistances and vice versa.
Keep a watchful eye on these zones as they could play a pivotal role in shaping market movements and trade decisions.
Best regards,
In our assessment of gold, we've identified crucial zones that warrant close attention:
Strong Reaction Zones: Anticipate significant market reactions at these levels.
Initial Take Profit (TP): The first TP may represent a relatively weaker point.
Trend Change Potential: Breaking above the top zone or below the lower zone has the potential to alter the prevailing trend, transforming supports into resistances and vice versa.
Keep a watchful eye on these zones as they could play a pivotal role in shaping market movements and trade decisions.
Best regards,
Note
1st TPTrade closed: target reached
Only 1st TP:
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.