Gold broke through the 4610 resistance as expected and has now reached above 4650. This long (buy) trade played out perfectly.
Current outlook:
Based on current technical structure, gold still has room to the upside. However, as prices rise, the probability of a pullback also increases. But here's the key principle: as long as major support holds, the trend remains bullish.
Upside Resistance:
First: near 4680 — near-term resistance
Second : the 4700 level — key psychological resistance
Longer-term outlook:
If the bullish advantage continues and price can hold steadily above 4737, the next stage would be an attack toward the 4830 area.
Beginner takeaway:
The 4830 target is much higher — it won't happen in a day or two. It will take time and fresh catalysts. Keep watching market developments and stay alert to news.
Weekend holding risk reminder:
Today is Friday. There is significant uncertainty over the weekend in terms of news and geopolitics. This uncertainty brings both opportunity and risk.
The safe approach: Avoid holding positions over the weekend. An empty position is the most worry-free.
If you want to take a gamble: Be sure to set reasonable take-profit and stop-loss levels before the market closes to avoid uncontrollable scenarios (such as a large gap up or down at Monday's open).
Current outlook:
Based on current technical structure, gold still has room to the upside. However, as prices rise, the probability of a pullback also increases. But here's the key principle: as long as major support holds, the trend remains bullish.
Upside Resistance:
First: near 4680 — near-term resistance
Second : the 4700 level — key psychological resistance
Longer-term outlook:
If the bullish advantage continues and price can hold steadily above 4737, the next stage would be an attack toward the 4830 area.
Beginner takeaway:
The 4830 target is much higher — it won't happen in a day or two. It will take time and fresh catalysts. Keep watching market developments and stay alert to news.
Weekend holding risk reminder:
Today is Friday. There is significant uncertainty over the weekend in terms of news and geopolitics. This uncertainty brings both opportunity and risk.
The safe approach: Avoid holding positions over the weekend. An empty position is the most worry-free.
If you want to take a gamble: Be sure to set reasonable take-profit and stop-loss levels before the market closes to avoid uncontrollable scenarios (such as a large gap up or down at Monday's open).
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Publikasi terkait
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.