Gold (XAUUSD) is expected to pull back slightly before making a bigger move up. Right now, it’s facing some resistance, so a small drop is likely. But the long-term trend remains bullish due to factors like possible Fed rate cuts and global uncertainty. After this correction, gold could break higher. Traders should watch for buying opportunities near support levels. The strategy is to "buy the dip" for a potential rally later.
Read the chart for entry and exit points
Do your own research before making any decision of Buying or selling trade in gold as market is more volatile...
This is not a financial advise to trade and this is just an educational purposes
Read the chart for entry and exit points
Do your own research before making any decision of Buying or selling trade in gold as market is more volatile...
This is not a financial advise to trade and this is just an educational purposes
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.