www.tradingview.com ] Today is the last trading day of the week, and the market is watching closely to see if gold can break through the critical resistance at 2725–2728 USD/oz. A successful breakout above this level could open the path for further upside movement. Notably, there are no significant news events scheduled for today, leaving price action driven...
www.tradingview.com Trading Strategy: Entry Points (Buy Zone): Look for price pullbacks near the support zones at 2688–2690 USD or 2681–2683 USD for buying opportunities. Take Profit (TP): Short-term target: 2715–2717 USD Extended target: 2725–2727 USD Stop Loss (SL): Place your Stop Loss below 2680 USD to manage downside risk. Trend Confirmation: Ensure...
### Key Support Levels: - **2675–2677 USD/oz** - **2664–2667 USD/oz** ### Key Resistance Levels: - **2688–2689 USD/oz** - **2696–2698 USD/oz** ### Gold Trend Outlook: Gold shows an **uptrend** today, favoring **Buy** positions. ### Trading Strategy: 1. **Entry Points (Buy Zone):** - Wait for a pullback near the support zone at 2675–2677...
www.tradingview.com NEWS : the **Core Producer Price Index (PPI)** report will be released. This index measures the change in selling prices for goods and services sold by producers, excluding food and energy products. The PPI reflects price changes from the seller's perspective and impacts **U.S. inflation data**. **Forecast:** 3.7%, higher than the previous...
Monday, March 18th, the chart shows a potential short downward movement from last week, failing to break through the resistance at 2179-2172. For today, the main focus is on selling. First selling point is the retest zone at 2152-2155. Short trade with a take profit (TP) of 500 points. Second selling point is the H1 resistance zone at 2152-2155. Trade with a TP...
On March 13, 2024, the price of gold might go down because it dropped from its recent high of 2180 to around 2150-2155 , Yesterday the price down from 2170 to 2153 (It was lower high) Sell Sell when the price reaches 2170-72 www.tradingview.com , Target to close at 2160 Alternatively, sell at 2177-78 with a target of 2166 Buy: If the price drops to...
www.tradingview.com On March 14, 2024, the price of gold might go down because it dropped from its recent high of 2180 to around 2150-2155 , Yesterday the price rebound from 2160 to 2179 (It was lower high) Sell: Sell when the price reaches 2175-78 , Target to close at 2153 Alternatively, sell at 2170 with a target of 2166 Buy: If the price drops to...
www.tradingview.com On March 13, 2024, the price of gold might go down because it dropped from its recent high of 2195 to around 2150-2155 on Tuesday, and the candlestick closed in red, suggesting it might continue to decrease. So, it's a good idea to sell. Sell: Sell when the price reaches 2165-2166, aiming to close at 2153. Alternatively, sell at 2176-2178...
www.tradingview.com Following yesterday's break above 2050, gold has shifted its running zone within the 2030-2060 framework. Playing the bullish front appears to be advantageous for today's trading zone. Buy zone: 2039-2040 Buy zone: 2030-2033 Sell zone: 2050, but if the chart shows strong momentum, there's a chance of a break. Sell zone:...