Gold is holding above 2928 the key resistance zone after a liquidity hunt, showing strong bullish momentum. The price now might test this zone which could be acted as a reversal zone, which could either confirm a continuation toward 2944 and 2956. CPI data today may act as a catalyst, determining gold’s short-term direction.
If market didn't pull back and continue to move forward from where it is moving than it will go to 2943 zone before facing some rejection
If market fall below 2939 we can see a short bearish move till 2930
A breakout above 2944 could open the door for further highs, while a rejection could push prices back toward 2927. Traders should watch price action around these levels before confirming entries.
If market didn't pull back and continue to move forward from where it is moving than it will go to 2943 zone before facing some rejection
If market fall below 2939 we can see a short bearish move till 2930
A breakout above 2944 could open the door for further highs, while a rejection could push prices back toward 2927. Traders should watch price action around these levels before confirming entries.
Trade active
Gold has break its previous high with very high bullish momentum, and as we discussed if it happens than it will go to the moon. Its time time to enter in long trade with the trend and catch some profits
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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.