The primary resistance level to watch for gold is the upper edge of the H4 range at $4023, followed by $4037. Failure to break through these levels suggests the continuation of the consolidation pattern, and shorting can be considered within these resistance zones. Meanwhile, key support lies at $3973-$3983, with strong support at $3947-$3963. Holding above these support levels presents buying opportunities, aligning with the anticipated pattern of an initial rise followed by a decline.
Note
Gold prices accurately retraced to the strong support level of $3963 mentioned earlier, thus resuming the upward trend. The current price has broken through the $4,000 mark, with a potential profit of $40 per ounce. Traders who followed and executed this strategy can also reap the same substantial profits as members.
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Real-time updates of free GOLD and BTC trading signals, with a win rate of 98.78%. Traders who have followed these signals have doubled their accounts.
🏆🏆Premium VIP:t.me/Kyle_Jokinjef
🔊🔊Real-time signals:t.me/Gold_BTC1088
🏆🏆Premium VIP:t.me/Kyle_Jokinjef
🔊🔊Real-time signals:t.me/Gold_BTC1088
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.