Buy above the grey zone, Sell below

47
Gold is currently trading on the 1-hour timeframe between two key levels in my opinion, namely 3315 and 3367. I believe that a breakout from the grey rectangle—either up or down—will lead the price to move smoothly towards the predetermined levels.
This is not a recommendation, but rather a personal idea that I wanted to share with you this morning.
Please make sure to take your trades based on your own strategy, and always consider risk management for your account.

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.