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What are your thoughts on GOLD?
Following the release of the U.S. Non-Farm Payrolls (NFP) data on Friday, gold surged to the 3600 level before entering a corrective phase from that resistance.
We expect this pullback to extend further, potentially reaching lower support zones in the short term.
If gold finds support and reacts positively, a new bullish wave may begin.
A confirmed breakout above the 3600 level would open the door for a move toward the next key resistance around 3700.
As long as gold holds above the key support area, this bullish scenario remains valid.
Don’t forget to like and share your thoughts in the comments! ❤️
What are your thoughts on GOLD?
Following the release of the U.S. Non-Farm Payrolls (NFP) data on Friday, gold surged to the 3600 level before entering a corrective phase from that resistance.
We expect this pullback to extend further, potentially reaching lower support zones in the short term.
If gold finds support and reacts positively, a new bullish wave may begin.
A confirmed breakout above the 3600 level would open the door for a move toward the next key resistance around 3700.
As long as gold holds above the key support area, this bullish scenario remains valid.
Don’t forget to like and share your thoughts in the comments! ❤️
Trade active
The 3600 level has been broken.
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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 FREE FOREX &CRYPTO SIGNALS TELEGRAM CHANNEL:
t.me/+1gFAIO4CJJw3NTU0
✅INSTAGRAM:
instagram.com/marketanalaysis
t.me/+1gFAIO4CJJw3NTU0
✅INSTAGRAM:
instagram.com/marketanalaysis
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.