Gold at $2350: What Next..? $2368 or $2318..?
Gold burst out of long consolidation at $2339 and advanced to $2350
Immediate resistance is at $2353 where some pull back is likely towards breakout zone $2339
If sellers are attracted, expect drag further to recent low $2319
Break below this zone opens the way to extended decline to seek liquidity in Fair Value Gap zone $2303-$2297
There is a growing possibility of value and bargain hunters may resurface at these lows in anticipation of resumption of bullish wave that targets $2368-$2388
On the flip side, strong break above $2353 will set stage for next leg higher $2368 & $2388
Immediate resistance is at $2353 where some pull back is likely towards breakout zone $2339
If sellers are attracted, expect drag further to recent low $2319
Break below this zone opens the way to extended decline to seek liquidity in Fair Value Gap zone $2303-$2297
There is a growing possibility of value and bargain hunters may resurface at these lows in anticipation of resumption of bullish wave that targets $2368-$2388
On the flip side, strong break above $2353 will set stage for next leg higher $2368 & $2388
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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.