Yesterday's D1 daily frame bounced and closed above 3348. That led to a price gap today.
3375 is a resistance zone that is showing price reaction in the Asian session. If it cannot be broken at the end of the session, it is possible to set up a sell at 3355 for BUY strategies in the GAP zone.
Any price decrease today is considered a good opportunity for buying Gold to aim for 3411.
Pay attention to the 3355-3347-3338 zone for BUY signals today. Target is still 3411 but there is still 3386 which may have a reaction.
3375 is a resistance zone that is showing price reaction in the Asian session. If it cannot be broken at the end of the session, it is possible to set up a sell at 3355 for BUY strategies in the GAP zone.
Any price decrease today is considered a good opportunity for buying Gold to aim for 3411.
Pay attention to the 3355-3347-3338 zone for BUY signals today. Target is still 3411 but there is still 3386 which may have a reaction.
Trade active
Gold leaps toward $3,450 as Israel launches attacks on IranGold price rises to over five-month highs, nearing $3,450 in the Asian trading hours on Friday. Israel confirmed strikes on Iran's nuclear facilities, fuelling a broad wave of risk aversion while driving the safe-haven Gold price through the roof. Rising Fed rate cut bets also underpin the non-yielding Gold.
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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.