Gold Spot / U.S. Dollar
Long
Updated

GOLD (XAUUSD) MORE UPSIDE AHEAD ONCE BREAK 3375

246
XAUUSD started to recover after a robust correction the price navigates within
a double bottom pattern retesting the 3375 resistance level .

TRADE IDEA: Consider a long trade on a break above 3375;

TARGET POINT: 3445

Watch for clean breakout and retest of mid-support for confirmation ideal setup for intraday traders

Smart trading isn't about prediction it's about preparation lets the market come to you.

Like and comment if you find this analysis helpful!

TEAM: PRICE ACTION MATRIX!
Trade active
wait for 3375 level breakout
Note
Gold ETFs returned to growth in june adding 75 tons , according to WGS data.

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.