Gold – The uptrend is still maintained, the focus is 3345
Gold price has broken through the Fibonacci level of 0.618, confirming the continued uptrend. However, the Asian session witnessed unexpected selling pressure pulling the price back to the breakout zone of 3355.
Since breaking 3358, the 3345 level has become the most important support point of the uptrend – coinciding with the H4 trendline. Only when 3345 is penetrated, the uptrend scenario will be threatened.
Trading strategy:
BUY around 3360 when breaking and retesting the support zone (Fib 0.618).
BUY at 3345 if there is a signal of support rejection with a clear buying candle.
SELL when the price breaks and trades stably below 3343.
Gold price has broken through the Fibonacci level of 0.618, confirming the continued uptrend. However, the Asian session witnessed unexpected selling pressure pulling the price back to the breakout zone of 3355.
Since breaking 3358, the 3345 level has become the most important support point of the uptrend – coinciding with the H4 trendline. Only when 3345 is penetrated, the uptrend scenario will be threatened.
Trading strategy:
BUY around 3360 when breaking and retesting the support zone (Fib 0.618).
BUY at 3345 if there is a signal of support rejection with a clear buying candle.
SELL when the price breaks and trades stably below 3343.
Trade ist aktiv
Gold drifts lower as USD rebounds from two-week low ahead of US PPIGold attracts some intraday selling near the $3,375 area and drops to a fresh daily low during the first half of the European session, snapping a two-day winning streak. The risk sentiment remains well supported by the recent optimism over an extension of the US-China trade truce for another three months and the US-Russia summit on Friday aimed at ending the war in Ukraine.
JOIN OUR FREE TELEGRAM GROUP t.me/tvstrading
MESSAGE US FOR VIP SIGNALS🏆 t.me/Leilani8597
MESSAGE US FOR VIP SIGNALS🏆 t.me/Leilani8597
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.
JOIN OUR FREE TELEGRAM GROUP t.me/tvstrading
MESSAGE US FOR VIP SIGNALS🏆 t.me/Leilani8597
MESSAGE US FOR VIP SIGNALS🏆 t.me/Leilani8597
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.