In my post yesterday, I mentioned that gold could test levels above 2700. True to expectations, the price rose steadily throughout the day, briefly spiking just above this critical 2700 level overnight.
After a short-lived correction, the price has returned to the 2700 zone. My outlook remains bullish as long as the 2660 support zone holds strong. For now, buying on dips remains the preferred strategy.
The immediate target is the 2720 resistance zone, which could act as a key level to watch for profit taking on buys.
After a short-lived correction, the price has returned to the 2700 zone. My outlook remains bullish as long as the 2660 support zone holds strong. For now, buying on dips remains the preferred strategy.
The immediate target is the 2720 resistance zone, which could act as a key level to watch for profit taking on buys.
Trade active
Gold broke above 2700 figure.2720 is in focus next
Trade closed: target reached
2720 target reached
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📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
Related publications
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.