Description
Given the strong breakout of last week's high and the conversion of the resistance zone into support, the price is expected to continue towards 3450-3460 after a pullback to 3358.
Of course, with this strong trend, a pullback may not occur.
Unfortunately, my trade(BUY POSITION) entry point did not occur in the previous position and gold performed much stronger than I had anticipated at the beginning of the week.
Possible positions this week
A:Suitable prices for BUY positions
1)3358-3347
B:Suitable prices for SELL positions
1)3398~3408
( This high-risk trade is still active )
This is just an analysis and everyone is responsible for their own work.
Hoping for a good and profitable week.
Given the strong breakout of last week's high and the conversion of the resistance zone into support, the price is expected to continue towards 3450-3460 after a pullback to 3358.
Of course, with this strong trend, a pullback may not occur.
Unfortunately, my trade(BUY POSITION) entry point did not occur in the previous position and gold performed much stronger than I had anticipated at the beginning of the week.
Possible positions this week
A:Suitable prices for BUY positions
1)3358-3347
B:Suitable prices for SELL positions
1)3398~3408
( This high-risk trade is still active )
This is just an analysis and everyone is responsible for their own work.
Hoping for a good and profitable week.
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.
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.