From the 4-hour chart, the current short-term resistance levels to watch are 3965-70 and 4020-55. Short-term support is at 3918-20, with a key support level at the previous low of 3888-90. The strategy is to sell on rallies.
Gold Trading Strategy:
1. Sell gold at 3980-70, add to the short position at 4020-25, stop loss at 4039, target 3940-3930.
Gold Trading Strategy:
1. Sell gold at 3980-70, add to the short position at 4020-25, stop loss at 4039, target 3940-3930.
Trade active
Gold has successfully touched the support zone of 40-30 again, but caution is advised against another surge.
The road to success is not crowded. As long as you choose the right direction and follow the right team, you will be able to move forward.
t.me/david_456654
t.me/david_456654
Related publications
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.
The road to success is not crowded. As long as you choose the right direction and follow the right team, you will be able to move forward.
t.me/david_456654
t.me/david_456654
Related publications
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.