✏️As expected from the analysis, after the D1 candle showed buying pressure again, the price continued its uptrend yesterday and reached 3357.
Currently, the price is consolidating within a relatively wide sideways range, extending from 3328 to 3344.
A trend-following trading strategy will be set up when the price breaks out of this range.
The BUY signal is expected to bring good profits if the price retests the support.
The SELL signal at resistance is considered to look for rebound points in an uptrend.
📈 Key Levels
Breakout Range: 3344-3328
Support: 3310-3298
Resistance: 3368-3386
📊 Recommended Trade Setups
BUY: 3310-3308 | SL: 3305
SELL: 3368-3370 | SL: 3373
Currently, the price is consolidating within a relatively wide sideways range, extending from 3328 to 3344.
A trend-following trading strategy will be set up when the price breaks out of this range.
The BUY signal is expected to bring good profits if the price retests the support.
The SELL signal at resistance is considered to look for rebound points in an uptrend.
📈 Key Levels
Breakout Range: 3344-3328
Support: 3310-3298
Resistance: 3368-3386
📊 Recommended Trade Setups
BUY: 3310-3308 | SL: 3305
SELL: 3368-3370 | SL: 3373
Trade active
GOLD price was trading sideways today. The Price not Hit entry at support and resistance zone
☘️My Telegram Channel: t.me/VHTraderFX
Join me to get Trading signals, Trading knowledge for investors
Join me to get Trading signals, Trading knowledge for investors
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.
☘️My Telegram Channel: t.me/VHTraderFX
Join me to get Trading signals, Trading knowledge for investors
Join me to get Trading signals, Trading knowledge for investors
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.