Hello,
This is an analysis of Gold for the current week.
Considering the full-bodied nature of the daily candlestick, the likelihood of an upward movement is very high. Therefore, in the event of a price correction, the first support level ahead is at 2711.4. With proper risk management and a stop-loss in place, we can take a low-risk long position.
This analysis is brought to you by the FXonbit Traders Team
This is an analysis of Gold for the current week.
Considering the full-bodied nature of the daily candlestick, the likelihood of an upward movement is very high. Therefore, in the event of a price correction, the first support level ahead is at 2711.4. With proper risk management and a stop-loss in place, we can take a low-risk long position.
This analysis is brought to you by the FXonbit Traders Team
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.
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.