Gold is having a slight correction after touching the round resistance level of 3500.
The candlestick force on the h1 time frame is supporting gold to increase again at the end of the European session. Pay attention to the breakout zone around 73 and the ATH zone around 3500 for Sell strategies. Break 3500, do not SELL anymore but wait until 3520.
The buying strategy may be more preferred for traders. The zones where the buyers have appeared in the past are 3435-3408-3385-3355. Pay attention to whether the candlestick force is really strong before making a long-term buying decision.
The candlestick force on the h1 time frame is supporting gold to increase again at the end of the European session. Pay attention to the breakout zone around 73 and the ATH zone around 3500 for Sell strategies. Break 3500, do not SELL anymore but wait until 3520.
The buying strategy may be more preferred for traders. The zones where the buyers have appeared in the past are 3435-3408-3385-3355. Pay attention to whether the candlestick force is really strong before making a long-term buying decision.
Trade closed: target reached
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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.