Continued uptrend after touching the 3345 buy zone
As analyzed at the beginning of the week, gold price has touched the buy zone around 3345 and continues to maintain the bullish wave structure, heading towards the 3400 resistance zone.
Currently, if gold breaks the 3373 mark, the uptrend is likely to be further strengthened. At that time, it is not advisable to trade against the trend, especially when the buyers completely control the market.
However, in case gold falls below the 3343 support zone (the resistance level in yesterday's US session), the current uptrend may be temporarily interrupted. At that time, the market will need to form a new momentum to establish the next trend.
🔑 Important price zones:
Support: 3343 – 3330 – 3313
Resistance: 3373 – 3387 – 3400
📌 Trading strategy:
Hold BUY order at 3345, expected target 3400
Activate SELL order if there is a clear price rejection signal at 3373 or 3387 (with confirmation of selling pressure)
SELL at 3400 if the strong resistance zone reacts clearly
As analyzed at the beginning of the week, gold price has touched the buy zone around 3345 and continues to maintain the bullish wave structure, heading towards the 3400 resistance zone.
Currently, if gold breaks the 3373 mark, the uptrend is likely to be further strengthened. At that time, it is not advisable to trade against the trend, especially when the buyers completely control the market.
However, in case gold falls below the 3343 support zone (the resistance level in yesterday's US session), the current uptrend may be temporarily interrupted. At that time, the market will need to form a new momentum to establish the next trend.
🔑 Important price zones:
Support: 3343 – 3330 – 3313
Resistance: 3373 – 3387 – 3400
📌 Trading strategy:
Hold BUY order at 3345, expected target 3400
Activate SELL order if there is a clear price rejection signal at 3373 or 3387 (with confirmation of selling pressure)
SELL at 3400 if the strong resistance zone reacts clearly
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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.
JOIN OUR FREE TELEGRAM GROUP t.me/+7rqP7ECMjpUxMzBl
MESSAGE US FOR VIP SIGNALS🏆 t.me/Leilani8597
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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.