Gold establishes bullish wave. Wait for recovery point to BUY

118
✏️XAUUSD Nonfarm announcement has shaped a new trend for gold price. completely broke the previous bearish wave structures and formed a new bullish trend with the break of wave 1 peak around 3315. Trading strategy next week only focuses on BUY signals. Maybe this bullish wave can make gold reach the all-time high.

📉 Key Levels
  • Support 3333-3315
  • Resistance 3373-3416
  • BUY zone: 3333 ; 3315 ( Strong support zone)
  • BUY DCA trigger Break resistance 3373
  • Target 3416
Leave your comments on the idea. I am happy to read your views.

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.