So, yesterday we saw strong growth - the price soared from the level of 2275. And overcame a new maximum of 2305.
Today we also expect important news. Therefore, correction is possible.
Gold rarely lends itself to technical analysis - it is now near the upper line of the channel. However, we know that Gold is a metal that is constantly being invested in and bought up. Therefore, people cannot be stopped. They themselves give birth to this growth.
Therefore, my goal is a NEW MAXIMUM - 2320.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
Today we also expect important news. Therefore, correction is possible.
Gold rarely lends itself to technical analysis - it is now near the upper line of the channel. However, we know that Gold is a metal that is constantly being invested in and bought up. Therefore, people cannot be stopped. They themselves give birth to this growth.
Therefore, my goal is a NEW MAXIMUM - 2320.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
Comment:
The price perfectly fulfills my last idea. The price bounced off the entry zone. The gold made new highs. I think the market may pull back to the support level at 2280, where the impulse move occurred. It took liquidity below the previous day's low. I think the market will move sideways until the NY session because we have upcoming NFP news. Overall, I expect a choppy market because impulses will move from the support level if we see negative reports. My goal is the resistance zone around 2313.00
Trade closed: target reached:
The market literally shot up from the entry zone and hit the TP.
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