Gold Technical Analysis
Daily Resistance: 4200, Support: 3945
4-Hour Resistance: 4220, Support: 4090
1-Hour Resistance: 4220, Support: 4180
Gold prices have already broken through the 4200 mark today, effectively erasing any bearish concerns. Yesterday, I was hoping for a pullback to 4060, offering a better entry point, but the rally was too strong, and the pullback stalled around 4100.
From the current structure, gold has found support at 4180 and 4150. If it stalls there today, you can still buy in. The only caveat is not to set a stop-loss that's too small, but don't cancel it either. Doing so can easily lead to false breakouts, as has been the case with recent large and rapid movements.
Although gold remains in a bull market, as prices continue to rise, sudden and rapid intraday declines like Tuesday's will only become more frequent and more severe. All we can do is continue to follow the upward trend while remaining vigilant and prepared to react to any potential corrections.
Trading today, we continue to prioritize buying on dips, focusing on support levels around 4180-4150.
BUY: near 4180
BUY: near 4150
Daily Resistance: 4200, Support: 3945
4-Hour Resistance: 4220, Support: 4090
1-Hour Resistance: 4220, Support: 4180
Gold prices have already broken through the 4200 mark today, effectively erasing any bearish concerns. Yesterday, I was hoping for a pullback to 4060, offering a better entry point, but the rally was too strong, and the pullback stalled around 4100.
From the current structure, gold has found support at 4180 and 4150. If it stalls there today, you can still buy in. The only caveat is not to set a stop-loss that's too small, but don't cancel it either. Doing so can easily lead to false breakouts, as has been the case with recent large and rapid movements.
Although gold remains in a bull market, as prices continue to rise, sudden and rapid intraday declines like Tuesday's will only become more frequent and more severe. All we can do is continue to follow the upward trend while remaining vigilant and prepared to react to any potential corrections.
Trading today, we continue to prioritize buying on dips, focusing on support levels around 4180-4150.
BUY: near 4180
BUY: near 4150
Trade active
The support of 4180 is effective and the price has risen by more than 90 pips. You decide how much you can earn.Note
The highest reached around 4198. I think you have already closed the position with profit.
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💥Telegram Channel Free Updates 👉🏻
💥This a place for learning and communication. 👉🏻
💥Provide trading guidance.👉🏻
Telegram Channel👉🏻t.me/Actuary00group
💥This a place for learning and communication. 👉🏻
💥Provide trading guidance.👉🏻
Telegram Channel👉🏻t.me/Actuary00group
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.