Today's gold morning situation mirrored that of last Friday and Monday. The US market saw a strong rise, closing strongly at a high in the early morning. This double-strength trend is extremely strong. Don't hesitate the next morning; the opportunity lies between 7 and 8 o'clock. Watch for a surge to the 3760 level. Same situation, same approach.
So now, wait for a pullback to 3760 to see if there's a second leg up. Alternatively, give up and wait and see, waiting for peak signals and patterns to emerge before turning bearish! In short, we're currently in an accelerated peaking phase, and there's still room for growth above 3760.
Gold Trading Advice: A dip in gold is the best time to buy. Don't worry about a further decline; the upward trend is already a major trend. Let's see when gold breaks through 4000.
So now, wait for a pullback to 3760 to see if there's a second leg up. Alternatively, give up and wait and see, waiting for peak signals and patterns to emerge before turning bearish! In short, we're currently in an accelerated peaking phase, and there's still room for growth above 3760.
Gold Trading Advice: A dip in gold is the best time to buy. Don't worry about a further decline; the upward trend is already a major trend. Let's see when gold breaks through 4000.
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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.