bullish idea on Gold
#Technical_Analysis
#Gold-4h
In the 4-hour timeframe, both the trend and momentum are bullish, with a support zone formed around the 2705 level. For now, we can rely on the 4-hour timeframe supports and, with lower timeframe confirmations, consider entering buy positions.
If the price breaks the 2700 support level decisively, the momentum will turn bearish.
#FarXpert
#Gold-4h
In the 4-hour timeframe, both the trend and momentum are bullish, with a support zone formed around the 2705 level. For now, we can rely on the 4-hour timeframe supports and, with lower timeframe confirmations, consider entering buy positions.
If the price breaks the 2700 support level decisively, the momentum will turn bearish.
#FarXpert
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.
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.