Gold prices are showing signs of an upside breakout.
As shown in Figure 2h, gold prices have formed an upside breakout trend.
The next trading move will become very clear.
Wait for a pullback.
Wait for a long position at a lower price.
Target: Above 3675-3700
Of course, we must also be wary of resistance in the 3660-3675 range to prevent gold prices from reversing and entering a sideways trading pattern.
Sideways: 3615-3675
A stop-loss must be set at 3640.
Technical Analysis + Trading Strategy:
Buy: 3645-3650
Stop-loss: 3637-3640
Target: 3660-3675-3700+
This is the optimal intraday trading strategy.
For your reference.
As shown in Figure 2h, gold prices have formed an upside breakout trend.
The next trading move will become very clear.
Wait for a pullback.
Wait for a long position at a lower price.
Target: Above 3675-3700
Of course, we must also be wary of resistance in the 3660-3675 range to prevent gold prices from reversing and entering a sideways trading pattern.
Sideways: 3615-3675
A stop-loss must be set at 3640.
Technical Analysis + Trading Strategy:
Buy: 3645-3650
Stop-loss: 3637-3640
Target: 3660-3675-3700+
This is the optimal intraday trading strategy.
For your reference.
Trade active
Trade closed: target reached
Note
Free Signals：t.me/+zrtK_QEDz9pkMzgx Best Professional Gold Trader
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.
Free Signals：t.me/+zrtK_QEDz9pkMzgx Best Professional Gold Trader
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.