BUY near the trend-line around 2323$
TARGET 🎯 - 2400$
SL 🛑 - 2296$
RR RATIO - 1:3
TARGET 🎯 - 2400$
SL 🛑 - 2296$
RR RATIO - 1:3
Note
StART Accumulating KIngs ...RIGHT time for accumulationNote
Gold price maintains a positive outlookThe gold price edges higher on the day. GOLD keeps the bullish vibe unchanged as XAU/USD remains above the key 100-day Exponential Moving Average (EMA) on the four-hour chart.
The upward momentum is reinforced by the 14-day Relative Strength Index (RSI), which is in the bullish zone at 52.70, indicating the support level is likely to hold rather than break.
A high of May 10 at $2,378 acts as an immediate resistance level for the precious metal. Extended gains will pave the way to the $2,400 psychological level. A break above this level will see a rally to an all-time high near $2,432, en route to the $2,500 round figure.
On the other hand, the crucial support level will emerge around the $2,325–$2,340 zone, portraying the confluence of the resistance-turned-support level and the 100-period EMA. The breach of this level will expose a low of May 2 at $2,281.
Note
GOLD has made the base around 2330-2335 price range any dip towards this range is an buying opportunity for the target of 2400 .ADD the dip FOLKS 🙃
Note
TRAIL your stop loss right nowNote
Dont forget to book your profits @ 2400 .Anything could happen
Trade closed: target reached
bookprofits
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.