Gold remains bullish, but watch closely 2770 zone
Last week, gold reached a new all-time high of 2,815. However, profit-taking on Friday led to a weekly close below the key 2,800 level.
A few hours ago, as the new week opened, the correction continued, but the price is now starting to recover.
Despite this pullback, the overall trend remains bullish. The key support zone for buyers is between 2,765 and 2,770.
As long as this zone holds, the strategy remains to buy on dips.
A few hours ago, as the new week opened, the correction continued, but the price is now starting to recover.
Despite this pullback, the overall trend remains bullish. The key support zone for buyers is between 2,765 and 2,770.
As long as this zone holds, the strategy remains to buy on dips.
Trade active
Gold is going for new ATH above 2815...
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📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
Related publications
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.