The price is trying to consolidate above the key support zone 3290 - 3300. As part of the correction, gold makes a false breakdown and the market starts to show a bullish reaction.
The only confusing thing is the coming news. If the buyers are able to keep the price above 3300, the gold will surely continue its upward trend
Scenario: price consolidation above 3300 after a false breakdown of support will be a good signal for a swing impulse towards the intermediate high of 3345.
The only confusing thing is the coming news. If the buyers are able to keep the price above 3300, the gold will surely continue its upward trend
Scenario: price consolidation above 3300 after a false breakdown of support will be a good signal for a swing impulse towards the intermediate high of 3345.
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Trade closed: target reached
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❤️ Telegram channel: t.me/AndeWave
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.