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XAUUSD continues to hit new highs this week. As the daily candle closes above the 3430 area, gold is creating a wide trading range of about 50 prices today. The uptrend may face a slight slowdown due to profit-taking psychology of some investors.
📉 Key Levels
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XAUUSD continues to hit new highs this week. As the daily candle closes above the 3430 area, gold is creating a wide trading range of about 50 prices today. The uptrend may face a slight slowdown due to profit-taking psychology of some investors.📉 Key Levels
- Sell trigger: Rejection from 3445
- Sell zone: 3463
- Target: 3405
- BUY trigger: 3402 (Price retests breakout zone and buyers react)
Leave your comments on the idea. I am happy to read your views.
Trade active
Gold has had a correction as per my analysis. The 3402 zone of gold has had a correction which is not yet at the price for us to Buy. Selling pressure only reached the 3406 zone.
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Join me to get Trading signals, Trading knowledge
☘️My Telegram Channel: t.me/VHTraderFX
☘️Contact: t.me/VHTTrader
☘️My Telegram Channel: t.me/VHTraderFX
☘️Contact: t.me/VHTTrader
Related publications
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.