The gold buy strategy outlined earlier has already yielded profits. During a range-bound market, buying short at resistance levels and buying long at support levels can easily yield profits. Until the price breaks out of the range, the short-term strategy of shorting near resistance levels and buying at support levels remains unchanged.
Gold is currently range-bound. Currently, focus on resistance near 3360 and 3370, both of which are suitable for shorting. The bearish target is near 3345.
Gold is currently range-bound. Currently, focus on resistance near 3360 and 3370, both of which are suitable for shorting. The bearish target is near 3345.
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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.