Hello traders,
GOLD is expected to experience a very minor correction, presenting a buying opportunity.
NO BEARISH OPPORTUNITY!
Bullish Opportunities:
We are anticipating two possible scenarios for gold prices;
Scenario 1: Gold may experience a minor downturn to the $2576-$2573 range, where we will seek confirmation and consider entering a long position.
Scenario 2: Alternatively, gold prices may extend their decline to the $2568-$2565 range. While this scenario has a lower probability due to the current buying momentum, it still presents a potential buying opportunity
GOLD is expected to experience a very minor correction, presenting a buying opportunity.
NO BEARISH OPPORTUNITY!
Bullish Opportunities:
We are anticipating two possible scenarios for gold prices;
Scenario 1: Gold may experience a minor downturn to the $2576-$2573 range, where we will seek confirmation and consider entering a long position.
Scenario 2: Alternatively, gold prices may extend their decline to the $2568-$2565 range. While this scenario has a lower probability due to the current buying momentum, it still presents a potential buying opportunity
Note
Once trading volume increases, i'll find a good time to enter and update you guys.Note
now we can consider buying if (ath) breaks and retest it as support
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.
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.