The yellow metal is in a choppy trend for the past few days with a high of 1730 with minor breakouts to 1735 and a low of 1700 with breakdowns to 1690. My idea for today is that gold will test its support zone of 1705 to 1690 from where it will make a rally towards 1730 and 1750. The support of 1720 is also playing a key role as it is lying in the golden zone on intraday time frames. My target is entry after confirmation of support at 1700-1705 with an intraday target of 1730 and swing target of 1750.
If you like this or if you think the opposite of this or if there is any other opinion, mention it in the comments. I am open to all kind of suggestions and critics.
If you like this or if you think the opposite of this or if there is any other opinion, mention it in the comments. I am open to all kind of suggestions and critics.
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.