The GOLD pair has been on a move for 3 days now, with a ranging pattern within a channel around the price timeline between 3300+ and 3400 reacting to a firm line of resistance on an overall uptrend, as usual, I expect the price to break either of these levels before we look for trading opportunities.
NOTE: Please note that this is not financial advice, but rather an educated and speculative view of the expected outcome. Therefore, trade responsibly.
NOTE: Please note that this is not financial advice, but rather an educated and speculative view of the expected outcome. Therefore, trade responsibly.
Trade active
As previously speculated, the price either breaks above or below the ranging phase and, finally, breaks below to find a valid area of support before moving back up.we expect GOLD in the coming week to reach a price of 3800 - 4000
Trade Responsibly.
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.