Hello fellow traders! As we observe, gold is currently moving within a range between 2911 and 2920. Right now, there's a potential sell opportunity on gold around the 2915 level. However, for this setup, we need confirmation. Specifically, we’re looking for gold to break its minor support area at 2910. Once this level is broken, we can enter a sell position with a first target price (TP1) in the 2898-2900 range, and the second target price (TP2) at 2885. You can set your stop loss (SL) at 2930.
Good luck, traders! Please note, this is just an idea and not a signal or financial advice, so make sure to conduct your own analysis before making any trades. Thank you! Show your support if you agree with us.
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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.