XAUUSD: Key support 2712-2707
Gold faced significant resistance around 2720, with bullish momentum weakening, which may indicate that the current upward phase is nearing its end. If holding positions over the weekend, I believe short positions are the more prudent choice.
Selling can be executed in the 2719-2726 range, with support expected in the 2712-2707 range.
If the market shows strong support during the pullback, it could be an opportunity to re-enter with long positions.
Selling can be executed in the 2719-2726 range, with support expected in the 2712-2707 range.
If the market shows strong support during the pullback, it could be an opportunity to re-enter with long positions.
Our channel offers the latest market analysis, accurate trading signals, and practical experience sharing. Whether you're a beginner or an experienced trader, you'll find valuable insights and strategies here.
t.me/+8mDeSfnZUvE3OGU8
t.me/+8mDeSfnZUvE3OGU8
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.