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Based on the 4-hour chart, short-term support is currently at 3370, with 3350 being the dividing line between bullish and bearish strength. If the daily chart stabilizes above this level, the bullish trend remains unchanged. However, caution should be exercised when entering short positions against the trend until the daily chart breaks below 3350. I will update you on the specific trading strategy during the trading session.
Gold Trading Strategy:
Go long on gold dips to 3370-73, and add to your long position on dips to 3350-55. Set a stop-loss at 3343, and target 3390-3395. Hold if it breaks above this level.
Based on the 4-hour chart, short-term support is currently at 3370, with 3350 being the dividing line between bullish and bearish strength. If the daily chart stabilizes above this level, the bullish trend remains unchanged. However, caution should be exercised when entering short positions against the trend until the daily chart breaks below 3350. I will update you on the specific trading strategy during the trading session.
Gold Trading Strategy:
Go long on gold dips to 3370-73, and add to your long position on dips to 3350-55. Set a stop-loss at 3343, and target 3390-3395. Hold if it breaks above this level.
Trade active
Gold has already started to rise, we just need to waitTrade closed: target reached
Now is the time to increase your position and wait for gold to rise
Hey, everyone. I'm Yulia, a girl from Russia working as an analyst in New York, USA. I've been doing this job for 13 years. I have professional financial knowledge. I hope you like me.
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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.
Hey, everyone. I'm Yulia, a girl from Russia working as an analyst in New York, USA. I've been doing this job for 13 years. I have professional financial knowledge. I hope you like me.
Related publications
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.