Gold Spot / U.S. Dollar
Long
Updated

GOLD-H1

80
The price is nearing a key support area around 3,200–, which could act as a bounce point for a buy.
Risk: The trend is currently bearish, so a buy here is counter-trend. If support fails, the price could drop to 3,180 . Wait for confirmation of a reversal before entering.
Trade closed: stop reached

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.