Gold- On its way to new ATH?
In my post yesterday, I mentioned that Gold is trading within an ascending channel, which should give bulls added confidence. The suggested strategy remaining to buy on dips.
During Monday's session, price action was relatively quiet, with the market ranging.
However, there were signs of buying pressure, with the price steadily pressing against the resistance line.
Overnight, Gold finally broke above the confluence resistance zone between 2715 and 2720, and at the time of writing, it is trading at 2728, suggesting a genuine break.
Looking ahead, I expect this momentum to continue.
Key levels for bulls to watch are 2750 and 2765. Also, a successful break above 2765 could pave the way for a new all-time high and only a drop below 2690 would put a pause in this bullish scenario.
For now, the strategy remains to buy on dips.
During Monday's session, price action was relatively quiet, with the market ranging.
However, there were signs of buying pressure, with the price steadily pressing against the resistance line.
Overnight, Gold finally broke above the confluence resistance zone between 2715 and 2720, and at the time of writing, it is trading at 2728, suggesting a genuine break.
Looking ahead, I expect this momentum to continue.
Key levels for bulls to watch are 2750 and 2765. Also, a successful break above 2765 could pave the way for a new all-time high and only a drop below 2690 would put a pause in this bullish scenario.
For now, the strategy remains to buy on dips.
Zlecenie aktywne
Dips were bought again.
Eyes are on 2750
Transakcja zamknięta: osiągnięto wyznaczony cel
2750 touched
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
Powiązane publikacje
Wyłączenie odpowiedzialności
Informacje i publikacje przygotowane przez TradingView lub jego użytkowników, prezentowane na tej stronie, nie stanowią rekomendacji ani porad handlowych, inwestycyjnych i finansowych i nie powinny być w ten sposób traktowane ani wykorzystywane. Więcej informacji na ten temat znajdziesz w naszym Regulaminie.