XAUUSD
If gold breaks 2946, the next target will be 2963-2977. However, there is also a possibility of a fake breakout, just like it did previously. When the market reached 2946 before, it made a fake breakout and then climbed to 2949. Now, it’s possible that it could do the same again before pulling back.
At the moment, the market is trading within the 2933-2946 zone, which is a very sensitive and tricky area.
The safest trade entry would be if it properly breaks 2949-2952, as that would confirm a strong bullish setup. Remember, this is just a trade idea—it could be right or wrong. Trade cautiously!
At the moment, the market is trading within the 2933-2946 zone, which is a very sensitive and tricky area.
The safest trade entry would be if it properly breaks 2949-2952, as that would confirm a strong bullish setup. Remember, this is just a trade idea—it could be right or wrong. Trade cautiously!
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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.
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.