GOLD
GOLD - H1
After a strong rally and the formation of a new ATH at 2955, gold has undergone a sharp correction back to the 2924 level during today's Asian trading session.
Two important price zones today:
* Resistance: 2939-2942 (key resistance area)
* Support: 2924 (crucial correction level) and 2916-2911 ( Important liquidity zone )
- Our trading strategy today is to look for good price zones to sell gold down to the 2924 support level. If strong selling pressure enters the market, we can expect the next potential target to be in the 2916-2911 area.
- The buying strategy for gold will be confirmed if the 2940 resistance zone is controlled by buyers, pushing the price to break above this level. Alternatively, a strong price correction to the 2916-2911 area could also present a buying opportunity.
After a strong rally and the formation of a new ATH at 2955, gold has undergone a sharp correction back to the 2924 level during today's Asian trading session.
Two important price zones today:
* Resistance: 2939-2942 (key resistance area)
* Support: 2924 (crucial correction level) and 2916-2911 ( Important liquidity zone )
- Our trading strategy today is to look for good price zones to sell gold down to the 2924 support level. If strong selling pressure enters the market, we can expect the next potential target to be in the 2916-2911 area.
- The buying strategy for gold will be confirmed if the 2940 resistance zone is controlled by buyers, pushing the price to break above this level. Alternatively, a strong price correction to the 2916-2911 area could also present a buying opportunity.
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.