💡 Gold Trend Analysis (XAU/USD)
Gold is currently receiving buying pressure around the 3332 area, which coincides with the Fibonacci 0.382 area, indicating that this is an important support area (Key Level) in the short term. The price is currently fluctuating in the 3332 - 3360 range.
🔸 BUY Trigger: 3360
If the price breaks out of the 3360 area, and at the same time surpasses the resistance Trendline and the Fibonacci area, it will confirm stronger buying pressure and the possibility of the uptrend continuing.
🔸 SELL Trigger: 3332
If the price closes below the strong support area of 3332, it will be a signal confirming the continuation of the downtrend - opening up an opportunity to sell.
📍 Summary:
Gold is sideways in the 3332 - 3360 area.
Wait for a breakout to confirm a clear trend.
Prioritize trading in the direction of breaking the boundary.
Gold is currently receiving buying pressure around the 3332 area, which coincides with the Fibonacci 0.382 area, indicating that this is an important support area (Key Level) in the short term. The price is currently fluctuating in the 3332 - 3360 range.
🔸 BUY Trigger: 3360
If the price breaks out of the 3360 area, and at the same time surpasses the resistance Trendline and the Fibonacci area, it will confirm stronger buying pressure and the possibility of the uptrend continuing.
🔸 SELL Trigger: 3332
If the price closes below the strong support area of 3332, it will be a signal confirming the continuation of the downtrend - opening up an opportunity to sell.
📍 Summary:
Gold is sideways in the 3332 - 3360 area.
Wait for a breakout to confirm a clear trend.
Prioritize trading in the direction of breaking the boundary.
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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.
JOIN OUR FREE TELEGRAM GROUP t.me/+7rqP7ECMjpUxMzBl
MESSAGE US FOR VIP SIGNALS🏆 t.me/Leilani8597
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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.