https://www.tradingview.com/x/ONRRCsBJ/
Spot gold fell below $2,150 per ounce for the first time since March 7, down 0.28% on the day.
Now the price of gold is under pressure from above around $2,147, showing a downward trend.
What needs to be noted is whether the price of gold can fall below the $2,140 line.
If it receives strong support below at $2,140, the price of gold will rebound. If it falls below the $2,140 line, you need to watch $2,130 below.
Therefore, I think a safer trade is to wait for the gold price to receive support from below, and then go long at a low price.
Recommendation: Go long when gold is around $2,140
TP: $2150
SL: $2130
I will share trading strategies and trading ideas every day. Follow me in the channel at the bottom of the article to get detailed trading signals. I hope that with my help, everyone can make huge profits!
Spot gold fell below $2,150 per ounce for the first time since March 7, down 0.28% on the day.
Now the price of gold is under pressure from above around $2,147, showing a downward trend.
What needs to be noted is whether the price of gold can fall below the $2,140 line.
If it receives strong support below at $2,140, the price of gold will rebound. If it falls below the $2,140 line, you need to watch $2,130 below.
Therefore, I think a safer trade is to wait for the gold price to receive support from below, and then go long at a low price.
Recommendation: Go long when gold is around $2,140
TP: $2150
SL: $2130
I will share trading strategies and trading ideas every day. Follow me in the channel at the bottom of the article to get detailed trading signals. I hope that with my help, everyone can make huge profits!
Trade active
Gold prices are now supported below the Bollinger BandTrade active
The price of gold is now supported below the Bollinger Band and has a rebound trend.Trade active
Gold price rises to $2,150, pay attention to whether it can break through $2,160Trade active
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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.
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.