The bullish momentum continues as gold broke above 3050, reaching a new high. Follow the trend, and if trading against it, be prepared for quick entries and exits.
Key Levels to Watch:
3060-3065: Bullish target zone
3056: ATH resistance
3045: Support
3030-3038: Key intraday support
3018-3024: Final bullish defense zone
3006: Bearish target zone
Short-Term Trading Strategy:
1. For Shorts: Enter a SELL position if the price breaks below 3047. Watch 3045 as initial support; if the decline continues, monitor 3042, 3038, and 3035 as potential targets.
2. For Longs: Enter a BUY position if the price stabilizes above 3050. Watch 3052 for confirmation; if the bullish momentum continues, monitor 3055, 3060, and 3065.
👉 If my insights have been helpful to you, or if you traded based on my ideas, please consider giving a boost — it’s a great encouragement for me! Thanks for your support!
Disclaimer: This is my personal opinion and not financial advice. Please manage your risk accordingly.
Key Levels to Watch:
3060-3065: Bullish target zone
3056: ATH resistance
3045: Support
3030-3038: Key intraday support
3018-3024: Final bullish defense zone
3006: Bearish target zone
Short-Term Trading Strategy:
1. For Shorts: Enter a SELL position if the price breaks below 3047. Watch 3045 as initial support; if the decline continues, monitor 3042, 3038, and 3035 as potential targets.
2. For Longs: Enter a BUY position if the price stabilizes above 3050. Watch 3052 for confirmation; if the bullish momentum continues, monitor 3055, 3060, and 3065.
👉 If my insights have been helpful to you, or if you traded based on my ideas, please consider giving a boost — it’s a great encouragement for me! Thanks for your support!
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.