In my analysis yesterday, I mentioned that Gold would likely reach a new all-time high (ATH), but for that to happen, it was crucial for bulls to hold strong at the 3025-3030 support zone.
Indeed, Gold made a new ATH, reaching my target zone of 3080 overnight. I closed my buy trade with a profit of 550 pips.
Now, the key question is: What’s next?
In my opinion, there’s a strong possibility that Gold will continue its upward movement and test the 3100 level. However, at the current price of 3075, entering a buy trade is not justified from a risk perspective.
For now, I’m staying out of the market. If a retracement occurs, I’ll be watching the 3050 zone closely—most importantly, I’ll assess how the market reacts at that level before making any decisions.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.
Indeed, Gold made a new ATH, reaching my target zone of 3080 overnight. I closed my buy trade with a profit of 550 pips.
Now, the key question is: What’s next?
In my opinion, there’s a strong possibility that Gold will continue its upward movement and test the 3100 level. However, at the current price of 3075, entering a buy trade is not justified from a risk perspective.
For now, I’m staying out of the market. If a retracement occurs, I’ll be watching the 3050 zone closely—most importantly, I’ll assess how the market reacts at that level before making any decisions.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.
Dagangan ditutup: sasaran tercapai
3100 reached
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Penafian
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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.