This week, after opening at 2,331 USD/oz, gold prices went sideways in the first sessions of the week, then skyrocketed to 2,368 USD/oz. However, gold prices could not maintain this high level so they quickly dropped to 2,317 USD/oz and closed the week at 2,322 USD/oz.
During the summer months, trading in the gold market is often quite gloomy, investors often take profits whenever gold prices increase. Therefore, liquidity in the market is often much lower than other times of the year, making it difficult for gold prices to have a strong breakthrough.
Support: 2310 - 2300 - 2286 - 2262
Resistance: 2343 - 2349 -2358 -2369
🔴SELL ZONE 2342 - 2344 stoploss 2347
🟢BUY ZONE 2318 - 2316 stoploss 2313
Scalping strategies will be taken until the resistance - support zones above have an entry signal.‼️
Note: TP, SL are full to be safe and win the market
During the summer months, trading in the gold market is often quite gloomy, investors often take profits whenever gold prices increase. Therefore, liquidity in the market is often much lower than other times of the year, making it difficult for gold prices to have a strong breakthrough.
Support: 2310 - 2300 - 2286 - 2262
Resistance: 2343 - 2349 -2358 -2369
🔴SELL ZONE 2342 - 2344 stoploss 2347
🟢BUY ZONE 2318 - 2316 stoploss 2313
Scalping strategies will be taken until the resistance - support zones above have an entry signal.‼️
Note: TP, SL are full to be safe and win the market
Note
BUY ZONE 2318 - 2316 +100pips runningNote
BUY ZONE 2318 - 2316 +180pips
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.
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.