Gold’s Correction: Signals to Watch for the Next Rally
Last week, I suggested that Gold would experience a pullback at some point.
However, this wasn't a prediction of a trend reversal, but rather a temporary correction following its extended upward move.
On Friday, Gold did indeed decline, reaching an intraday low in the 2643 zone.
Now the key question is: Has the correction ended?
In my view, there is still potential for a further dip, with the next leg of the correction possibly pushing Gold down to around 2630, which could present an ideal buying opportunity.
In this scenario, Bulls may look for entry points and aim for the recent highs.
Additionally, a break above the Asian session high could indicate the correction is over, marking the 2645 zone as the bottom
However, this wasn't a prediction of a trend reversal, but rather a temporary correction following its extended upward move.
On Friday, Gold did indeed decline, reaching an intraday low in the 2643 zone.
Now the key question is: Has the correction ended?
In my view, there is still potential for a further dip, with the next leg of the correction possibly pushing Gold down to around 2630, which could present an ideal buying opportunity.
In this scenario, Bulls may look for entry points and aim for the recent highs.
Additionally, a break above the Asian session high could indicate the correction is over, marking the 2645 zone as the bottom
Dagangan aktif
For scalpers, this could be a good ideaDagangan ditutup: sasaran tercapai
After a sniper entry @ 2655, closed the trade @ 2635.Now I m looking for long entries in the idea of a resumption of the up move
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📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.