The gold market is currently moving sideways, stuck in a no-trading range. We can see the price making lower highs, which shows a possible downward trend. It’s important to watch how the market reacts at key levels.
🔑Important Levels to Watch:
- Support: Around 3014.
- Resistance:
- 3033 Top of the current range
📈Trading Plan:
- Range Trading: I’m looking to sell near 3033 if the market shows signs of weakness.
- Breakout Trade:
- If the price breaks above 3047, I’ll look for a buy opportunity towards 3057.
- If it drops below $3,010, I might sell for lower targets.
✅ **Let’s wait for a clear breakout or rejection before making a move!** 🚀
🔑Important Levels to Watch:
- Support: Around 3014.
- Resistance:
- 3033 Top of the current range
📈Trading Plan:
- Range Trading: I’m looking to sell near 3033 if the market shows signs of weakness.
- Breakout Trade:
- If the price breaks above 3047, I’ll look for a buy opportunity towards 3057.
- If it drops below $3,010, I might sell for lower targets.
✅ **Let’s wait for a clear breakout or rejection before making a move!** 🚀
Trade active
The market has perfectly reversed from the identified resistance zone, activating our short trade near 3036. With this confirmation, we are now targeting 3030 as the first take-profit level and 3024 as the second.A stop loss is placed above the recent high to effectively manage risk.
Trade closed manually
After rejecting from the identified resistance zone the market moved down till 3026 giving us to opportunity to capture around 100 pipis. But now it's moving up wo closed the trade and book our profitsNote
Its time we can find any buy side momentum and can take buy side entry
🗣Daily forex updates 🇺🇲🌎🗣Fundamentals and Technical experts🗣GBP specialists & Gold🗣weekly 1500-2000pips🗣chart patterns 👍 t.me/ApexBullGold
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.
🗣Daily forex updates 🇺🇲🌎🗣Fundamentals and Technical experts🗣GBP specialists & Gold🗣weekly 1500-2000pips🗣chart patterns 👍 t.me/ApexBullGold
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.