Given the current technical setup, it is reasonable to expect gold to continue its positive trend in the upcoming general sessions.
So, with the broader bullish scenario continuing as long as prices remain above the $2840 support level.
After the short-term bearish correction,
the overall market trend remains constructive for gold buyers.
Traders can expect gold to trade bullish in areas such as; $2883.00
, $2903.00
, and $2933.00
. If the metal manages to hold above the $2880.00 resistance level and maintain its bullish stance, it is likely to push towards the upper end of this range in the near future, $3000
Trading Recommendations
Buy Gold
So, with the broader bullish scenario continuing as long as prices remain above the $2840 support level.
After the short-term bearish correction,
the overall market trend remains constructive for gold buyers.
Traders can expect gold to trade bullish in areas such as; $2883.00
, $2903.00
, and $2933.00
. If the metal manages to hold above the $2880.00 resistance level and maintain its bullish stance, it is likely to push towards the upper end of this range in the near future, $3000
Trading Recommendations
Buy Gold
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.