Gold kept falling further this Monday. The resistance level of 4580 worked well, and the price slipped below 4500 once again. The downward trend is still going on. Right now, the market is moving in the range of 4480 to 4580. You can try buying when the price first comes to the support area, and try selling when it hits the resistance area. The market will keep fluctuating sideways for the short term.
Today’s XAUUSD Trading Strategy
🎯 XAUUSD Buy @ 4460-4480
🎯 TP: 4540-4560
This analysis is purely for reference. Kindly maintain proper risk control at all times. I shall update the trading strategy immediately if there are any changes in the market.
Today’s XAUUSD Trading Strategy
🎯 XAUUSD Buy @ 4460-4480
🎯 TP: 4540-4560
This analysis is purely for reference. Kindly maintain proper risk control at all times. I shall update the trading strategy immediately if there are any changes in the market.
Trade active
Gold has hit the suitable buying area, you may start going long now.Trade closed: target reached
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.