Here’s an updated forecast for trading GOLD based on the zones and levels provided:
Current Trading Strategy:
1. Sell Opportunities:
Scalping Zone: 2662–2665. Consider short-term sell trades if the price reaches this level. Use tight stop-loss above 2665.
Strong Sell Zone: 2672–2676. A stronger resistance area; potential for larger sell-off. Stop-loss above 2676.
2. Key Resistance Levels:
2665 and 2676 are critical levels. Price may face rejection here.
---
3. Buy Opportunities:
Scalping Zone: 2626–2622. Short-term buy opportunities in this range. Use stop-loss below 2622.
Demand Zone: 2615. Significant buying interest expected here. Possible price reversal to the upside.
4. Key Support Levels:
2622 and 2615 serve as strong support zones. Watch for reversal patterns here.
Risk Management: Maintain disciplined stop-loss levels above/below the key zones to limit potential losses.
Trade active
Guys our trades activated from 2642 on strong bullish candle now market on 2650 it's running 80+ pips profit keep hold for more profits till our next target levels..
Trade closed: target reached
guys our trades activated from 2642 on on strong bullish candle again now matket on 2654 its running 120 pips profit done
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.