Gold successfully held support near 4650 and rebounded.
Short-term focus: Can it break through and hold above 4700?
Next resistance: Around 4730-4750.
Short-term trading range: 4650-4700. Trade cautiously and manage your position size carefully.
A break above and hold above 4700 will open up further upside potential; otherwise, it may continue to fluctuate
Short-term focus: Can it break through and hold above 4700?
Next resistance: Around 4730-4750.
Short-term trading range: 4650-4700. Trade cautiously and manage your position size carefully.
A break above and hold above 4700 will open up further upside potential; otherwise, it may continue to fluctuate
Trade active
The market is unpredictable. The only way to make money is to follow market trends, not to try to resist them; doing so will only lead to greater losses. Therefore, it is essential to carefully analyze the market before trading. We are not trading for the sake of trading; our goal is to profit.
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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.