Hey Traders,
In today’s trading session, we are closely monitoring XAUUSD (Gold) for a potential buying opportunity around the 4,980 zone. Gold remains in a well-defined uptrend and is currently undergoing a healthy corrective pullback, approaching a key trendline confluence and the 4,980 support-turned-resistance area, which may act as a strong demand zone.
This correction appears constructive rather than bearish, suggesting that Gold is resetting momentum before potentially resuming its bullish move and targeting fresh highs, in line with the broader bullish structure.
As always, wait for confirmation and manage risk responsibly.
Trade safe,
Joe.
In today’s trading session, we are closely monitoring XAUUSD (Gold) for a potential buying opportunity around the 4,980 zone. Gold remains in a well-defined uptrend and is currently undergoing a healthy corrective pullback, approaching a key trendline confluence and the 4,980 support-turned-resistance area, which may act as a strong demand zone.
This correction appears constructive rather than bearish, suggesting that Gold is resetting momentum before potentially resuming its bullish move and targeting fresh highs, in line with the broader bullish structure.
As always, wait for confirmation and manage risk responsibly.
Trade safe,
Joe.
Trade closed: target reached
Gold hits new ATH!
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Free Telegram Group:
t.me/+0LGgMsgX9TViOGZk
The 1% Traders Club:
t.me/+dMaf68BK5c5hZDA8
t.me/+0LGgMsgX9TViOGZk
The 1% Traders Club:
t.me/+dMaf68BK5c5hZDA8
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.