GOLD: PERHAPS WE ARE AT THE END OF THE CORRECTION
Over the past week, the Gold market has undergone a bullish rally, as evidenced by its rise from 1806.85 to 1857.49. However, a notable correction occurred in the last two days, resulting in a decline of over 250 pips. At present, indications suggest that this correction has likely reached its terminus, with a potentially favorable zone emerging for buyers to accumulate additional contracts.
Specifically, the zone encompassing 1831.44 to 1825.20 presents an opportune moment for buyers to enter the market. Traders may watch this zone closely in the coming days.
Conversely, a contrary stance (sell position) might be considered if this zone is broken to the downside with momentum.
Specifically, the zone encompassing 1831.44 to 1825.20 presents an opportune moment for buyers to enter the market. Traders may watch this zone closely in the coming days.
Conversely, a contrary stance (sell position) might be considered if this zone is broken to the downside with momentum.
Nota
The zone has been broken to the downside with strong momentum.
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.
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.