Gold Price Update & Buy Entry Opportunity
The 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.
The 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.