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.
Pernyataan Penyangkalan
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Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.