Gold is now approaching 3275 area, which is probably the biggest make or break are right now
If we will see break, we gonna see some retest of previous resistance and we could see retest of ALL TIME HIGH again
If we hold this important 3275 area, we could see one more leg to the lower trendline (Daily TL) and possibly testing higher timeframe support of 3150 area... Possible retest of Daily trendline could lead us to even bigger decline all the way down to 2970 support area
If we will see break, we gonna see some retest of previous resistance and we could see retest of ALL TIME HIGH again
If we hold this important 3275 area, we could see one more leg to the lower trendline (Daily TL) and possibly testing higher timeframe support of 3150 area... Possible retest of Daily trendline could lead us to even bigger decline all the way down to 2970 support area
Trade active
Going as planned... Still bullish bias for nowTrade closed: target reached
Possible LONGNote
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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.