The gold chart shows that the main trend is upward, with strong support levels at $3,000 and $2,945, and resistance levels at $3,400 and $3,500. The chance of a rise (65%) is higher than a drop (35%), especially if the support levels hold and positive news (like lower inflation) continues. My strategy is to buy at the $3,000 support, aiming for $3,500, with a stop-loss below $2,945. In my journal, I’ll note to stay patient and avoid getting emotional, as I see gold’s long-term value, just like Warren Buffett.
For you: If you’re a beginner, start with a small amount (e.g., 1% of your capital) at the $3,000 support and set a stop-loss. This is my personal opinion—do your own research! 😊
For you: If you’re a beginner, start with a small amount (e.g., 1% of your capital) at the $3,000 support and set a stop-loss. This is my personal opinion—do your own research! 😊
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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.