Hello everyone, what do you think about the gold price?
Today, the gold price continues to decrease within the same context, with no new volatility factors introduced since last Thursday. Currently, the trading level is hovering around 3333 USD.
Indicators and the 34 EMA and 89 EMA lines are still signaling a downward trend. A short-sell opportunity arises when the price tests resistance or breaks below the trendline. With Fibonacci levels at 0.5 and 0.618, the downward target could be towards 3,306 USD. If the price stays below key resistance levels, gold may continue its downward movement in the short term.
Trading Strategy: Prioritize short positions while the price remains below the upper trendline. Take Profit: 3,306.
What about you? Do you agree with my view? Feel free to leave your thoughts for further discussion.
Good luck!
Today, the gold price continues to decrease within the same context, with no new volatility factors introduced since last Thursday. Currently, the trading level is hovering around 3333 USD.
Indicators and the 34 EMA and 89 EMA lines are still signaling a downward trend. A short-sell opportunity arises when the price tests resistance or breaks below the trendline. With Fibonacci levels at 0.5 and 0.618, the downward target could be towards 3,306 USD. If the price stays below key resistance levels, gold may continue its downward movement in the short term.
Trading Strategy: Prioritize short positions while the price remains below the upper trendline. Take Profit: 3,306.
What about you? Do you agree with my view? Feel free to leave your thoughts for further discussion.
Good luck!
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✅ Receive 7–10 high-quality signals daily for Forex, Gold, and Bitcoin
✅ Fast updates, accurate alerts
✅ Suitable for both beginners and experienced traders
👉 Join now by clicking this link:
t.me/+6v7LMJO7cI04Nzg1
✅ Fast updates, accurate alerts
✅ Suitable for both beginners and experienced traders
👉 Join now by clicking this link:
t.me/+6v7LMJO7cI04Nzg1
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.