Gold (XAUUSD) is currently trading within a range, with stocks, Bitcoin, and other risk assets showing bullish momentum. There’s no immediate reason to adopt a bearish outlook.
As a price action trader, I require a decisive break below 3228 to establish a bearish bias. If the price drops below this level but subsequently reclaims it, I’ll consider entering a buy position, targeting the next key levels.
Currently, the price stands at 3325.390. For a bullish bias to strengthen, I need to see the midrange level of 3360.953 hold as support. If it does, this would create a deviation, reinforcing the bullish outlook.
As a trader, remain flexible and trade what the chart signals, not a fixed bias. I’ll turn heavily bearish if the price breaks above 3494, clears out sellers, and then falls back below, forming a head and shoulders pattern (a deviation). This would provide a clear invalidation point, prompting me to sell targeting the quarter range, then midrange, trading level to level.
Follow for further updates and trading insights
As a price action trader, I require a decisive break below 3228 to establish a bearish bias. If the price drops below this level but subsequently reclaims it, I’ll consider entering a buy position, targeting the next key levels.
Currently, the price stands at 3325.390. For a bullish bias to strengthen, I need to see the midrange level of 3360.953 hold as support. If it does, this would create a deviation, reinforcing the bullish outlook.
As a trader, remain flexible and trade what the chart signals, not a fixed bias. I’ll turn heavily bearish if the price breaks above 3494, clears out sellers, and then falls back below, forming a head and shoulders pattern (a deviation). This would provide a clear invalidation point, prompting me to sell targeting the quarter range, then midrange, trading level to level.
Follow for further updates and trading insights
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.