August 18th: Gold closed at a daily low on Friday and gapped down slightly at the open on Monday. After dipping to a low of 3323, it staged a rebound. The wedge pattern is gradually converging, and the overall price action remains in a top-side consolidation phase.
On the 4-hour chart, consecutive strong bullish candles have broken through and held above the middle Bollinger Band, with the short-term trend shifting from weak to strong. That said, as the 3358-3360 resistance zone remains unbreached for now, the price is still stuck in a downward correction channel.
Trading strategy: Consider shorting on a rebound around the aforementioned resistance zone. A confirmed break above this level would open the door to 3370-3380. For support, keep an eye on 3332 and 3320 below
⚡️⚡️⚡️ XAUUSD ⚡️⚡️⚡️
🚀 Sell@ 3360 - 3355
🚀 TP 3345 - 3340 - 3335
Daily updates bring you precise trading signals 📊 When you hit a snag in trading, these signals stand as your trustworthy compass 🧭 Don’t hesitate to take a look—sincerely hoping they’ll be a huge help to you 🌟 👇
On the 4-hour chart, consecutive strong bullish candles have broken through and held above the middle Bollinger Band, with the short-term trend shifting from weak to strong. That said, as the 3358-3360 resistance zone remains unbreached for now, the price is still stuck in a downward correction channel.
Trading strategy: Consider shorting on a rebound around the aforementioned resistance zone. A confirmed break above this level would open the door to 3370-3380. For support, keep an eye on 3332 and 3320 below
⚡️⚡️⚡️ XAUUSD ⚡️⚡️⚡️
🚀 Sell@ 3360 - 3355
🚀 TP 3345 - 3340 - 3335
Daily updates bring you precise trading signals 📊 When you hit a snag in trading, these signals stand as your trustworthy compass 🧭 Don’t hesitate to take a look—sincerely hoping they’ll be a huge help to you 🌟 👇
Trade attivo
Gold has now risen to 3345 📈; continue to short at 3345 ⚡, with TP at 3335-3325 🎯Trade chiuso: obiettivo raggiunto
Today, gold has smoothly hit the two TP levels of 3335-3325, and we’ve made profits successfully again—this time, it was extremely smooth and straightforward 🎉
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.