Gold Technical Overview:
Gold Buying Levels: 3310, 3295
Targets: 3350, 3395
Supporting Areas: 3300, 3285 while the demand lies down to the 3250
Resistance Areas: 3340, 3365, 3395
Gold on h1 candles seems bullish as it has broken the bearish trend line now if market breaks the resistance of 3340 then its next target will be to test the areas 3365. Currently market is bullish as it has previously tested the lower areas of 3285 but got rejected and if tested again will face rejection again. currently there are chances that market might use 3310 position as a support and continue its bullish trend.
Gold Buying Levels: 3310, 3295
Targets: 3350, 3395
Supporting Areas: 3300, 3285 while the demand lies down to the 3250
Resistance Areas: 3340, 3365, 3395
Gold on h1 candles seems bullish as it has broken the bearish trend line now if market breaks the resistance of 3340 then its next target will be to test the areas 3365. Currently market is bullish as it has previously tested the lower areas of 3285 but got rejected and if tested again will face rejection again. currently there are chances that market might use 3310 position as a support and continue its bullish trend.
Trade active
Target 1: 3350 hit 400 pips achieved from 3310 to 3350
Trade closed: target reached
closing this target with 630 pips. Market touched 3373
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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.
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.