GOLD DAILY TRADE IDEA & TRADE STRATEGY

10 Jul 2024

1. The bull flag pattern in the daily time frame suggests a prolonged consolidation.
   
2. A breakout above 2450-2460 or below 2300 will determine the future direction of gold.
   
3. Key level of support at 2348-2352 holding strong, potential for new low if broken
   
4. Important resistance is around 2385-2390, and crucial support is at 2350.
   
5. Short-term support around 2363 for potential upside movement.
   
6. Wait for candles to close in your direction before entering a trade.
   
7. Go with the market's momentum and flow for successful trades
   
8. Key support level identified at 2362-2364 for short-term buys, wait for confirmation through candle closes in the direction
   
9. Resistance zone expected at 2385-2391 if price breaks below 2374