Gold prices are currently following a five-week upward trend, suggesting strong potential for 'buy-the-dip' trading opportunities in gold.
However, for a sustained bullish trend to begin, gold needs to close above the wedge resistance at $2,450, which is an all-time high for the metal.
Regaining this level could propel prices towards the $2,500 mark.
Conversely, if buyers fail to regain momentum, gold could retreat to its May 17th low of $2,374.
However, for a sustained bullish trend to begin, gold needs to close above the wedge resistance at $2,450, which is an all-time high for the metal.
Regaining this level could propel prices towards the $2,500 mark.
Conversely, if buyers fail to regain momentum, gold could retreat to its May 17th low of $2,374.
Trade active
Trade active
Join the community group for the earliest support on short scalping and trading strategies!
✅ Knowledge of trading
✅ Support Free Trading Signals win rate 80%
FREE Chanel Signals: t.me/+TkyS7Rg4jN9iZjk1
✅ Knowledge of trading
✅ Support Free Trading Signals win rate 80%
FREE Chanel Signals: t.me/+TkyS7Rg4jN9iZjk1
