Gold has recovered as the US Dollar softened and yields eased, but the move is now testing a strong resistance area around $4,120–4,130.
Unless buyers break this zone clearly, the rebound may remain corrective rather than a real trend shift.
Trade Setup:
Sell Zone: $4,120 – $4,130
Stop Loss: $4,165
Take Profit 1: $4,050
Take Profit 2: $4,000
Unless buyers break this zone clearly, the rebound may remain corrective rather than a real trend shift.
Trade Setup:
Sell Zone: $4,120 – $4,130
Stop Loss: $4,165
Take Profit 1: $4,050
Take Profit 2: $4,000
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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.