Symbol - XAUUSD
CMP - 3327
Gold continues to strengthen, supported by a complex and evolving fundamental landscape.
A false breakdown below the 3285 support level has facilitated a move to a new local high at 3365
Despite a weaker US dollar, gold experienced a modest pullback from the 3365 high amid subdued market activity caused by US market holiday. Investor sentiment reflects profit-taking ahead of key US inflation data releases. Additional downward pressure is linked to optimism surrounding a potential trade agreement between the United States, Europe and Japan. Nonetheless, the decline in gold prices remains limited, as safe-haven demand persists in response to ongoing geopolitical tensions, US fiscal concerns, and instability in the Middle East.
Support levels: 3321, 3308, 3300
Resistance levels: 3363
From a technical perspective, gold appears to be executing a false breakout above consolidation resistance and is entering a corrective phase. During this correction, the price may target liquidity zones in the 3320-3303 range before resuming its upward trajectory.
CMP - 3327
Gold continues to strengthen, supported by a complex and evolving fundamental landscape.
A false breakdown below the 3285 support level has facilitated a move to a new local high at 3365
Despite a weaker US dollar, gold experienced a modest pullback from the 3365 high amid subdued market activity caused by US market holiday. Investor sentiment reflects profit-taking ahead of key US inflation data releases. Additional downward pressure is linked to optimism surrounding a potential trade agreement between the United States, Europe and Japan. Nonetheless, the decline in gold prices remains limited, as safe-haven demand persists in response to ongoing geopolitical tensions, US fiscal concerns, and instability in the Middle East.
Support levels: 3321, 3308, 3300
Resistance levels: 3363
From a technical perspective, gold appears to be executing a false breakout above consolidation resistance and is entering a corrective phase. During this correction, the price may target liquidity zones in the 3320-3303 range before resuming its upward trajectory.
Dagangan aktif
CMP 3290Price came to test the liquidity zone as discussed in trading idea. Now I am expecting it to move up.
Dagangan ditutup: sasaran tercapai
Closed at 3322Nota
All targets have been reached.
Trading isn’t a gamble. When skill meets discipline - profit becomes the natural outcome.
Join me, I'll guide you to PROFITABLE TRADING.
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Join me, I'll guide you to PROFITABLE TRADING.
Connect with me directly on WhatsApp: +91-9915885530
Join my free Telegram group: t.me/akshit_official
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.
Trading isn’t a gamble. When skill meets discipline - profit becomes the natural outcome.
Join me, I'll guide you to PROFITABLE TRADING.
Connect with me directly on WhatsApp: +91-9915885530
Join my free Telegram group: t.me/akshit_official
Join me, I'll guide you to PROFITABLE TRADING.
Connect with me directly on WhatsApp: +91-9915885530
Join my free Telegram group: t.me/akshit_official
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.