Gold analasis weekly and monthly levels.
Buy and sell entries clearly marked wait for conformation before entering.
Some points to consider
📈 Gold prices have hit record levels, closing at 3450, with a positive outlook for September.
📊 Key levels to watch are 3200, 3250, and 3300, as trading below these could signal a reversal.
🔍 Technical analysis suggests a potential breakout, but the market is currently overbought.
🚀 A breakout above 3500 could drive gold prices towards 3600.
⏳ September is a critical month for determining gold price trends.
📉 Maintaining price levels at 3466 and 3475 is essential for a bullish sentiment; otherwise, a reversal is likely.
As always use poper risk mamnagement if taking these trades as swing trades please allow the proper amount of stop loss.
Gold by nature will retrace in order to pick up bids before moving in the true direction please keep this in mind.
As always trade safe
Buy and sell entries clearly marked wait for conformation before entering.
Some points to consider
📈 Gold prices have hit record levels, closing at 3450, with a positive outlook for September.
📊 Key levels to watch are 3200, 3250, and 3300, as trading below these could signal a reversal.
🔍 Technical analysis suggests a potential breakout, but the market is currently overbought.
🚀 A breakout above 3500 could drive gold prices towards 3600.
⏳ September is a critical month for determining gold price trends.
📉 Maintaining price levels at 3466 and 3475 is essential for a bullish sentiment; otherwise, a reversal is likely.
As always use poper risk mamnagement if taking these trades as swing trades please allow the proper amount of stop loss.
Gold by nature will retrace in order to pick up bids before moving in the true direction please keep this in mind.
As always trade safe
Trade closed: target reached
update 547 pips from the buy from 3454 ill update a new chart tomorrow 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.