The gold price has reached a new all-time high, with strong bullish momentum. The optimal strategy is to wait for a pullback to support levels for long entries.
For short positions, proceed with caution (only consider shorts near resistance levels). If attempting a short, 3005 can serve as a resistance zone for potential entries.
Key Levels to Watch:
3005: ATH resistance
2994: Key resistance
2990: Intraday resistance
2987: Bullish/Bearish pivot line
2981: Support
2977: Key intraday support
2956: Strong key support
Short-Term Trading Strategy：
For SELL: Consider entering if the price breaks below 2987. Watch 2982 for potential support; if the decline continues, keep an eye on 2977, 2970
For BUY: Consider entering if the price stabilizes above 2991. Watch 2994 for confirmation; if the price continues to rise, monitor 3000, and 3005.
Disclaimer: This is my personal opinion and not financial advice. Please manage your risk accordingly.
For short positions, proceed with caution (only consider shorts near resistance levels). If attempting a short, 3005 can serve as a resistance zone for potential entries.
Key Levels to Watch:
3005: ATH resistance
2994: Key resistance
2990: Intraday resistance
2987: Bullish/Bearish pivot line
2981: Support
2977: Key intraday support
2956: Strong key support
Short-Term Trading Strategy：
For SELL: Consider entering if the price breaks below 2987. Watch 2982 for potential support; if the decline continues, keep an eye on 2977, 2970
For BUY: Consider entering if the price stabilizes above 2991. Watch 2994 for confirmation; if the price continues to rise, monitor 3000, and 3005.
Disclaimer: This is my personal opinion and not financial advice. Please manage your risk accordingly.
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.