Oro / Dollaro
Long
Aggiornato

The correction is quite surprise. What direction for GOLD price?

1 708
✏️Quite surprised with the adjustment of gold at the end of the previous trading week. The rising price channel is still holding around the lower border of the price channel around 3316. A liquidity sweep and candle wick removal in this area is considered a good buying opportunity.
If h1 closes below this border, limit trading BUY signals until the bottom support of 3286. When the price can close the candle below 3316, gold will trade in a wide range and there is no main trend dominating the market.

📉 Key Levels
  • Support: 3316-3286
  • Resistance: 3372-3400-3418
  • Buy trigger: Reject and Trading above 3316
  • BUY DCA Break 3372
  • Target: 3400
  • SELL Trigger: Break bellow and Retest 3416

Leave your comments on the idea. I am happy to read your views.
Trade attivo
Gold trading strategy for today is ready, welcome to you
Trade chiuso: obiettivo raggiunto
Price is heading towards our Entry zone
Nota
I will update new strategy soon
Nota
Bearish pennant pattern active. Active SELL

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