📉 Gold Price Outlook – Short-Term Move Expected
Gold is currently trading around $3452. We're anticipating a dip towards the $3435 area in the short term as part of a corrective move. This zone could act as a potential support level, where buyers may step in.
Following this expected pullback, we’re looking for a bounce back up toward the $3484 area, targeting a short-term bullish recovery.
📊 Key Levels to Watch:
Support Zone: $3435
Resistance Target: $3484
As always, manage your risk accordingly and watch for price action confirmation at these levels.
Gold is currently trading around $3452. We're anticipating a dip towards the $3435 area in the short term as part of a corrective move. This zone could act as a potential support level, where buyers may step in.
Following this expected pullback, we’re looking for a bounce back up toward the $3484 area, targeting a short-term bullish recovery.
📊 Key Levels to Watch:
Support Zone: $3435
Resistance Target: $3484
As always, manage your risk accordingly and watch for price action confirmation at these levels.
Trade active
🚨 Target Hit! What's Next for Gold? 🟡💥Boom! 🎯 Gold just tagged my $3435 target spot-on — a perfect move as anticipated. Now, all eyes are on the next big level: $3484 📈
Momentum is building, and if the bulls take control from here, we could see a strong push toward my next target. Stay sharp — the market’s heating up! 🔥
📍 Current Price: $3434
🎯 Next Watch Level: $3484
Let’s see if the rally kicks off from here — buckle up! 🚀
Trade closed manually
Gold Price Update & Buy Entry OpportunityThe price of gold couldn't sustain at the 3435 level and has recently dropped to the 3372 area. This provides a potential buying opportunity in the range of 3375 to 3350.
Strategy:
Look for Buy Entries: Watch for any signs of stabilization or reversal within the 3375 to 3350 area.
Target: Consider aiming for a recovery towards previous resistance levels around 3435 or higher like 3484, depending on market momentum.
Stop Loss: Set a stop loss below 3335 to manage risk in case of further downside movement.
Reminder: Always confirm with your preferred technical indicators or chart patterns before entering a trade.
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.