Gold is in a global bullish trend. Locally, the market is beginning to restore its structure.
During the European session, the price broke through the resistance of the local maximum of 3358.
At the moment, buyers and sellers are fighting for the 3350-3360 range. Consolidation of the price above 3350-3360 could lead to continued growth, a breakout of 3374, and growth to 3393.
Scenario: Consolidation of prices above 3350–3353 could trigger growth to 3375. Further, a slight correction may form from resistance before a retest to break through the level and grow to 3393.
During the European session, the price broke through the resistance of the local maximum of 3358.
At the moment, buyers and sellers are fighting for the 3350-3360 range. Consolidation of the price above 3350-3360 could lead to continued growth, a breakout of 3374, and growth to 3393.
Scenario: Consolidation of prices above 3350–3353 could trigger growth to 3375. Further, a slight correction may form from resistance before a retest to break through the level and grow to 3393.
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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.
❤️ Telegram channel: t.me/AndeWave
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.