GOLD Analysis – Correction pressure expands, waiting for confirmation signal of buying power
After the strong increase in the previous days, gold is under profit-taking pressure and there is significant selling pressure in today's Tokyo session. The current correction momentum is bringing the price closer to important support zones around 3950 and 3896 – two key levels that can play a decisive role in the next direction of the market.
On the other hand, the 3996 zone will be the upper boundary that needs to be closely monitored. If the price can break out and close a stable candle above this area, the Uptrend will likely be reactivated, opening up opportunities to move towards ATH zones in the near future.
📈 Recommended trading strategy:
BUY Trigger: when a clear price rejection signal appears in the 3951 – 3896 zone
BUY DCA: when the price breaks to 3995, confirming the bullish momentum
After the strong increase in the previous days, gold is under profit-taking pressure and there is significant selling pressure in today's Tokyo session. The current correction momentum is bringing the price closer to important support zones around 3950 and 3896 – two key levels that can play a decisive role in the next direction of the market.
On the other hand, the 3996 zone will be the upper boundary that needs to be closely monitored. If the price can break out and close a stable candle above this area, the Uptrend will likely be reactivated, opening up opportunities to move towards ATH zones in the near future.
📈 Recommended trading strategy:
BUY Trigger: when a clear price rejection signal appears in the 3951 – 3896 zone
BUY DCA: when the price breaks to 3995, confirming the bullish momentum
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Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.
JOIN OUR FREE TELEGRAM GROUP t.me/tvstrading
MESSAGE US FOR VIP SIGNALS🏆 t.me/Leilani8597
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Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.