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.
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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.