Today, Friday, gold finally closed above 3380 after Thursday's close. It initially surged to a high near 3408 on Friday's opening.
Gold is currently consolidating above 3380.
Over the past two days, gold has largely fluctuated between 3360 and 3360. After closing above 3380 yesterday, the current range has shifted to 3380-3400.
The hourly chart also shows the current range between 3380 and 3400.
Of course, 3380 is currently a significant support level.
If it falls below 3380 again, the range could fall back to 3380-60.
On the other hand, the current resistance above is around 3400 points.
If it stabilizes above 3400 (based on today's high, a new high would essentially indicate stability), the subsequent range would become 3400-3450.
This means that after stabilizing at 3400, there's a possibility of continued higher highs.
Of course, gold is currently trading between 3380 and 3400, depending on where it breaks in the US market.
Whichever way the breakout occurs, follow the trend.
Another possibility is that it could continue to consolidate between 3389 and 3400.
If this is the case, then you can simply buy low and sell high within the range.
Gold is currently consolidating above 3380.
Over the past two days, gold has largely fluctuated between 3360 and 3360. After closing above 3380 yesterday, the current range has shifted to 3380-3400.
The hourly chart also shows the current range between 3380 and 3400.
Of course, 3380 is currently a significant support level.
If it falls below 3380 again, the range could fall back to 3380-60.
On the other hand, the current resistance above is around 3400 points.
If it stabilizes above 3400 (based on today's high, a new high would essentially indicate stability), the subsequent range would become 3400-3450.
This means that after stabilizing at 3400, there's a possibility of continued higher highs.
Of course, gold is currently trading between 3380 and 3400, depending on where it breaks in the US market.
Whichever way the breakout occurs, follow the trend.
Another possibility is that it could continue to consolidate between 3389 and 3400.
If this is the case, then you can simply buy low and sell high within the range.
There is no code for getting rich overnight in the market; there is only the logic of getting rich gradually t.me/passbiubiu
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.
There is no code for getting rich overnight in the market; there is only the logic of getting rich gradually t.me/passbiubiu
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.