Gold (XAUUSD) is currently trading within a range, with stocks, Bitcoin, and other risk assets showing bullish momentum. There’s no immediate reason to adopt a bearish outlook.
As a price action trader, I require a decisive break below 3228 to establish a bearish bias. If the price drops below this level but subsequently reclaims it, I’ll consider entering a buy position, targeting the next key levels.
Currently, the price stands at 3325.390. For a bullish bias to strengthen, I need to see the midrange level of 3360.953 hold as support. If it does, this would create a deviation, reinforcing the bullish outlook.
As a trader, remain flexible and trade what the chart signals, not a fixed bias. I’ll turn heavily bearish if the price breaks above 3494, clears out sellers, and then falls back below, forming a head and shoulders pattern (a deviation). This would provide a clear invalidation point, prompting me to sell targeting the quarter range, then midrange, trading level to level.
Follow for further updates and trading insights
As a price action trader, I require a decisive break below 3228 to establish a bearish bias. If the price drops below this level but subsequently reclaims it, I’ll consider entering a buy position, targeting the next key levels.
Currently, the price stands at 3325.390. For a bullish bias to strengthen, I need to see the midrange level of 3360.953 hold as support. If it does, this would create a deviation, reinforcing the bullish outlook.
As a trader, remain flexible and trade what the chart signals, not a fixed bias. I’ll turn heavily bearish if the price breaks above 3494, clears out sellers, and then falls back below, forming a head and shoulders pattern (a deviation). This would provide a clear invalidation point, prompting me to sell targeting the quarter range, then midrange, trading level to level.
Follow for further updates and trading insights
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.