✏️Last weekend with a trading day in the accumulation range. Early this week waiting for new momentum to break the accumulation range from 3385 and 3405 to trade on the winning side. When breaking the lower range, a corrective wave will be formed and then create increasing waves to ATH. If breaking the upper range of the accumulation model, buying force can completely push the gold price to approach ATH around 3445 soon.
📉 Key Levels
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📉 Key Levels
- Support: 3383-3345
- Resistance: 3404-3431-3445
- BUY Trigger: Price rejection of the candle around support 3383
- BUY Trigger: Break resistance 3405
- Target 3445
- SELL trigger Break and trading bellow 3383
- Target 3345
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Trade active
Gold has broken the lower border and activated the SELL strategy towards target 3345
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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.
Join me to get Trading signals, Trading knowledge
☘️My Telegram Channel: t.me/VHTraderFX
☘️Contact: t.me/VHTTrader
☘️My Telegram Channel: t.me/VHTraderFX
☘️Contact: t.me/VHTTrader
Related publications
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.