XAUUSD
Hello Traders! đź‘‹
What are your thoughts on GOLD?
Gold remains in an uptrend, and there are no clear signs that the bullish wave has ended. We still expect the price to reach at least above $3,000 in the coming period.
However, on the daily timeframe, gold has entered the overbought zone, leading to the expected corrective phase.
At this point, we anticipate a further price correction to lower levels before a new bullish move begins.
Stay patient and look for suitable buying opportunities.
Monitor price reactions to support levels to identify an optimal entry point.
The overall trend remains bullish, and the current correction may provide a good re-entry opportunity.
What’s your outlook on gold? Do you think the $3,000 target is achievable?
Don’t forget to like and share your thoughts in the comments! ❤️
What are your thoughts on GOLD?
Gold remains in an uptrend, and there are no clear signs that the bullish wave has ended. We still expect the price to reach at least above $3,000 in the coming period.
However, on the daily timeframe, gold has entered the overbought zone, leading to the expected corrective phase.
At this point, we anticipate a further price correction to lower levels before a new bullish move begins.
Stay patient and look for suitable buying opportunities.
Monitor price reactions to support levels to identify an optimal entry point.
The overall trend remains bullish, and the current correction may provide a good re-entry opportunity.
What’s your outlook on gold? Do you think the $3,000 target is achievable?
Don’t forget to like and share your thoughts in the comments! ❤️
Order cancelled
The price moved away from the expected zone and returned above 2900. If it closes above 2910, it could move towards the high again.
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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.
âś…MY FREE FOREX &CRYPTO SIGNALS TELEGRAM CHANNEL:
t.me/+1gFAIO4CJJw3NTU0
âś…INSTAGRAM:
instagram.com/marketanalaysis
t.me/+1gFAIO4CJJw3NTU0
âś…INSTAGRAM:
instagram.com/marketanalaysis
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.