Gold has just broke its uptrend and making its way towards the weekly trendline.
at the moment there's a few support that will still be a berrier such as 3383(H4 FBO), 3360(RBS), 3340(H4 FBO/support), 3320(strong level of support) & 3300(big round number and strong weekly support.
while the current trend is heading down but in overall TF og weekly & daily gold is consider still bullish.
This has 2 consideration either a short or a major pullback.
If short, gold will continue to stay its upwards to retest 3500. but if major pullback then it may make its way towards 3000.
my plan is going to be versatile to be able to scalp for sells and buys.
so price actions is important and I'll look for short term trades instead holding position. omly to trade in major precised zone and none in between.
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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.