Hello Trader,
The chart you shared indicates a breakout in gold prices around the 3038-3030 range, followed by a potential retracement before moving towards a higher target. The highlighted buying zones are between 3000-3005 and 2950-2960.
Would you like insights on trade execution, risk management, or further confirmation signals?
The chart suggests a target zone in the range of 3,100 to 3,150 USD after a potential retracement. The breakout from the 3038-3030 level indicates bullish momentum, but the price may first revisit support zones (3000-3005 or 2950-2960) before continuing upward.
If you're trading this setup:
Bullish confirmation: A bounce from support and strong buying volume.
Invalidation: A breakdown below 2950 could indicate a trend reversal.
Would you like specific stop-loss and risk management suggestions?
The chart you shared indicates a breakout in gold prices around the 3038-3030 range, followed by a potential retracement before moving towards a higher target. The highlighted buying zones are between 3000-3005 and 2950-2960.
Would you like insights on trade execution, risk management, or further confirmation signals?
The chart suggests a target zone in the range of 3,100 to 3,150 USD after a potential retracement. The breakout from the 3038-3030 level indicates bullish momentum, but the price may first revisit support zones (3000-3005 or 2950-2960) before continuing upward.
If you're trading this setup:
Bullish confirmation: A bounce from support and strong buying volume.
Invalidation: A breakdown below 2950 could indicate a trend reversal.
Would you like specific stop-loss and risk management suggestions?
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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.
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.