Gold Spot / U.S. Dollar forum
Take profit... 3300
Take profit.... 3305
Gold buy 3290/3291
Tp 3296
Tp 3300
SL 3285
Tp 3296
Tp 3300
SL 3285
Tp¹) 3296
Tp²) 3300
Tp³) 3310
SL : 3282
Disclaimer: This is a market idea. Please trade responsibly.
Temporarily, gold does not have enough technical conditions to be able to increase in price in the short term, because it is still under pressure from the price channel. However, in terms of the overall and long-term trend, gold still has a main trend of increasing price, a trend noted by the price channel.
In terms of momentum, the Relative Strength Index (RSI) is still holding above 50, with the current RSI position at 50 being considered as the nearest support in terms of momentum.
A sustained price action above the 3,300ISD price point would be considered a positive signal, while a break above the channel would qualify the bulls for a short-term target of 3,371USD.
