The gold price has just fallen after being pressured by the 3365 level. Currently, there are no obvious signs of a bottoming out. However, the 3340-43 range is the support position from the previous several declines. Here, one can lightly participate in the bullish orders. If going further down, the 3330 level is an important support point. Both of these positions can be utilized to go long.
Then the trading strategy:
BUY@3340-43
TP:3360-65
If the price retraces to the 3330 level, increase the position of the long bet. The goal remains the same. I will keep you informed if there are any changes.
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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.