The XAU/USD trend remains bullish as long as the price consolidates above 3,384.
Therefore, it would be prudent to buy gold as long as the price consolidates above3,444, where the 7/8 Murray level is located.
Gold's volatility will continue over the next few days, so we believe it could move between 3,386 and 3,356.
Consequently, if gold consolidates and breaks above 3.498, it would be seen as a buying opportunity, with targets at the 8/8 Murray level around 3,600/
Last tow months, gold gapped around 3,498. This will likely be seen as a buying opportunity if the price breaks above the psychological level of $3,439
Conversely, below the R_1 around 3,443, gold will be seen as an opportunity to sell, targeting 3,400 and the bottom of the uptrend channel around 3,338.
The RSI indicator is showing a negative signal, so we must be cautious when buying, as a very strong technical correction could occur.
Therefore, it would be prudent to buy gold as long as the price consolidates above3,444, where the 7/8 Murray level is located.
Gold's volatility will continue over the next few days, so we believe it could move between 3,386 and 3,356.
Consequently, if gold consolidates and breaks above 3.498, it would be seen as a buying opportunity, with targets at the 8/8 Murray level around 3,600/
Last tow months, gold gapped around 3,498. This will likely be seen as a buying opportunity if the price breaks above the psychological level of $3,439
Conversely, below the R_1 around 3,443, gold will be seen as an opportunity to sell, targeting 3,400 and the bottom of the uptrend channel around 3,338.
The RSI indicator is showing a negative signal, so we must be cautious when buying, as a very strong technical correction could occur.
Trade active
Still active from $3,433
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DAILY FREE SIGNAL. FREE SIGNAL (95% accuracy) TP AND SL PROVIDED
In This Channel, i Will Provide you a profitable Scalping And Swing Trade Follow My Signals
PUBLIC TELEGRAM CHANNEL
t.me/CEO_PREMIUM_ANALYSIS
In This Channel, i Will Provide you a profitable Scalping And Swing Trade Follow My Signals
PUBLIC TELEGRAM CHANNEL
t.me/CEO_PREMIUM_ANALYSIS
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.