Gold finally broke out of ranging
gold has seen broke out of ranging area of 2900-2930
it has shown a clear sign of gold broke support last US session.
What we expect to see is gold to retest the support becomes resistance area of 2894-2898. I personally will look for sell is those area. Otherwise, if it fails then I'll wait for a confirmation for gold to continue its climb.
on the other hand, current support that gold respected was 2881. If there's confirmation on the current support i can look for a short buy in 2881. Otherwise, i shall continue to sell to follow its movements to the downside.
it has shown a clear sign of gold broke support last US session.
What we expect to see is gold to retest the support becomes resistance area of 2894-2898. I personally will look for sell is those area. Otherwise, if it fails then I'll wait for a confirmation for gold to continue its climb.
on the other hand, current support that gold respected was 2881. If there's confirmation on the current support i can look for a short buy in 2881. Otherwise, i shall continue to sell to follow its movements to the downside.
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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.