Gold once Bullish Direction Trade according Read Caption
Gold appears to be in a corrective phase, with a confirmed uptrend line forming. The recent price action shows a false breakdown of support, suggesting a potential bullish continuation. This movement occurs amid a temporary correction in the US dollar, though the dollar remains broadly stable, supported by The Federal Reserve’s continued hawkish stance, and A court ruling blocking former President Trump's proposed tariffs, which has helped ease market uncertainty and supported USD resilience.
on the D1 gold rebounding from strong resistance and heading wards the strong resistance rising trend line.
Resistance zone 3325 / 3326
Support Line 3280 / 3265
ps support with like and comments for more analysis Thanks Traders,
Gold appears to be in a corrective phase, with a confirmed uptrend line forming. The recent price action shows a false breakdown of support, suggesting a potential bullish continuation. This movement occurs amid a temporary correction in the US dollar, though the dollar remains broadly stable, supported by The Federal Reserve’s continued hawkish stance, and A court ruling blocking former President Trump's proposed tariffs, which has helped ease market uncertainty and supported USD resilience.
on the D1 gold rebounding from strong resistance and heading wards the strong resistance rising trend line.
Resistance zone 3325 / 3326
Support Line 3280 / 3265
ps support with like and comments for more analysis Thanks Traders,
Trade closed: target reached
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Join My telegram Channel
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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.