I’m eyeing a potential long opportunity on Gold in the 3030–3045 zone, but only with proper confirmation.
The shiny metal has broken and closed above Monday’s high with strong momentum, signaling short-term strength. However, considering the overall short-term bearish bias, I anticipate a pullback toward the 78.6% Fibonacci retracement level.
Here's the plan:
Wait for price to dip into 3030–3045
Watch for bullish rejection candles or confirmation patterns
If confirmed, go long with targets at 3088 and 3123
This could be a great opportunity to catch the next leg up while still respecting short-term corrections.
The shiny metal has broken and closed above Monday’s high with strong momentum, signaling short-term strength. However, considering the overall short-term bearish bias, I anticipate a pullback toward the 78.6% Fibonacci retracement level.
Here's the plan:
Wait for price to dip into 3030–3045
Watch for bullish rejection candles or confirmation patterns
If confirmed, go long with targets at 3088 and 3123
This could be a great opportunity to catch the next leg up while still respecting short-term corrections.
Trade active
GOLD BUY IS RUNNING 800 PIPS IN PROFIT (3050-3130)Trade closed: target reached
As I said, if you hadn't sold, you'd have made a lot of money by now!
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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.