XAUUSD – Sellers appear but the uptrend is still intact
Gold is under profit-taking pressure around the 4172 area, causing the increase to temporarily slow down. However, the bullish structure has not been broken yet as the support Trendline below is still respected by the market. In the context of today being Thanksgiving Day in the US, liquidity may decrease and strong fluctuations are unlikely to appear.
The strategy still prioritizes BUY following the main trend, but needs to be patient and wait for the right safe entry point.
📌 Reference trading plan
BUY around: 4153
BUY when there is a price rejection signal at the support zone 4112 – 4090
BUY DCA when there is a clear break of the resistance 4172
🎯 Target: 4250
⚠️ Risk note: The uptrend will be invalidated if the price closes below the Trendline 4090 – then the strategy needs to be reviewed.
Gold is under profit-taking pressure around the 4172 area, causing the increase to temporarily slow down. However, the bullish structure has not been broken yet as the support Trendline below is still respected by the market. In the context of today being Thanksgiving Day in the US, liquidity may decrease and strong fluctuations are unlikely to appear.
The strategy still prioritizes BUY following the main trend, but needs to be patient and wait for the right safe entry point.
📌 Reference trading plan
BUY around: 4153
BUY when there is a price rejection signal at the support zone 4112 – 4090
BUY DCA when there is a clear break of the resistance 4172
🎯 Target: 4250
⚠️ Risk note: The uptrend will be invalidated if the price closes below the Trendline 4090 – then the strategy needs to be reviewed.
Trade attivo
Gold nears $4,200 on dovish Fed betsGold jumped during the Asian session on Friday, trading not far below the $4,200 mark. Rising bets for another Fed rate cut in December continue to undermine the US Dollar and lend support to the non-yielding bullion. Thinned market conditions exacerbate price action in the last trading day of the month.
JOIN OUR FREE TELEGRAM GROUP t.me/tvstrading
MESSAGE US FOR VIP SIGNALS🏆 t.me/Leilani8597
MESSAGE US FOR VIP SIGNALS🏆 t.me/Leilani8597
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.
JOIN OUR FREE TELEGRAM GROUP t.me/tvstrading
MESSAGE US FOR VIP SIGNALS🏆 t.me/Leilani8597
MESSAGE US FOR VIP SIGNALS🏆 t.me/Leilani8597
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.