Technically, gold remains in a strong uptrend, although there has been some clear consolidation after the recent rally. The XAU/USD pair encountered support near $3,005.80, a level that aligns with its previous weekly lows. This level could form a short-term barrier, potentially triggering some profit-taking before the next rally.
This presents traders with potential opportunities to buy on dips.
Advice
Gold Buy
3030 __ 3020
Stop Loss
2997
Take Profit
3030
3050
3080
This presents traders with potential opportunities to buy on dips.
Advice
Gold Buy
3030 __ 3020
Stop Loss
2997
Take Profit
3030
3050
3080
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.