The previous long idea has been closed — we hit resistance and couldn’t break through easily, so the price started pulling back.
Since the overall market sentiment remains positive and the trend is still bullish, I continue to trade from the long side and am now looking for a new entry point.
📝Trading plan:
1. Gold continues to rise – Buy on a confident breakout above the 3250 resistance level, with a stop at 3230.
2. Gold pulls back to the 3200–3210 area – Buy in this zone with a stop at 3180.
Since the overall market sentiment remains positive and the trend is still bullish, I continue to trade from the long side and am now looking for a new entry point.
📝Trading plan:
1. Gold continues to rise – Buy on a confident breakout above the 3250 resistance level, with a stop at 3230.
2. Gold pulls back to the 3200–3210 area – Buy in this zone with a stop at 3180.
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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.
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.