The price of gold had a convicting weekly close into the new high time frame range of 2775-2935.
With fundamentals currently driving the prices of gold higher and the technical levels achieved it only makes sense for gold to continue its bullish trajectory. Price is strongly moving in an upwards channel.
A pullback to 2765-2784 zone to retest this breakout into this new range can bring a great entry point to go long but when analysing previous range breaks can not be guaranteed and price can continue from current levels. Deep corrections are not needed to keep driving the prices of gold higher as clearly seen on my chart.
Mid ranges are always magnets and this will be my first area of interest.
Good luck
With fundamentals currently driving the prices of gold higher and the technical levels achieved it only makes sense for gold to continue its bullish trajectory. Price is strongly moving in an upwards channel.
A pullback to 2765-2784 zone to retest this breakout into this new range can bring a great entry point to go long but when analysing previous range breaks can not be guaranteed and price can continue from current levels. Deep corrections are not needed to keep driving the prices of gold higher as clearly seen on my chart.
Mid ranges are always magnets and this will be my first area of interest.
Good luck
Trade active
Absolute banger once again with my High Time Frame Ranges, everything is playing out as planned.Hope you are catching some nice moves.
Trade closed: target reached
Mid range target reached. Still seeing alot of strength here gold broke out above the upwards channel in New York yesterday. Well done bullsNote
Note
2894 next target when price closes above 2854Note
Last week closed above the 2855 mid range level… next target of 2894 is still the objective.Note
Target 2894.50 reached now the goal is to reach range high of 2935Note
Target hit Note
With the continuation of Trumps Trade War/Tariff chatter gold continues to be a strong safe haven asset.Close and Hold above 2934 then next target will be 2974
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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.