Gold is currently retesting a major daily support cluster-based on 2020/2021 price action.
It looks like the market is preparing for a trend reversal and initiation of a strong bullish impulse.
To catch that, wait for a daily breakout of the underlined structure (we need daily candle close above).
Then the broken structure will turn into support and it will give us a safe point for buying.
Next goal will be 1811
While the price is below the yellow zone, the closest buying point will be a recently broken major trend line.
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⭐ Get 100% Deposit Bonus: bit.ly/bestforexgoldbroker
Publications connexes
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.