Gold extended its rally yesterday, breaking through the 2630 level and reaching near 2640 before pulling back to retest the breakout zone.
Currently, gold appears to be trading within an uptrend channel, with potential to target the 50% Fibonacci retracement level of the previous decline, around 2655. During the Asian session, consider buying gold near the 2628-2630 zone. For selling, it's advisable to wait for a confirmed market decline to ensure a safer entry.
Currently, gold appears to be trading within an uptrend channel, with potential to target the 50% Fibonacci retracement level of the previous decline, around 2655. During the Asian session, consider buying gold near the 2628-2630 zone. For selling, it's advisable to wait for a confirmed market decline to ensure a safer entry.
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MY FOREX & CRYPTO SIGNAL TELEGRAM CHANNEL:
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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.