Gold Trading strategy for 28th November 2024
Trade Strategy for Gold
Current Price 2636.700 USD
Buy: Enter a long position when the price moves above 2659 on a one-hour candle close.
Sell: Enter a short position when the price drops below 2626 on a one-hour candle close.
Support and Resistance Levels
Support Levels:
2600: This is the first line of defense where the price might find support and potentially reverse upwards.
2550: If the price falls below 2600, 2550 acts as the next significant support level.
2500: This is a major psychological level that could provide strong support.
Resistance Levels:
2700: The initial barrier where the price might encounter resistance and potentially reverse downwards.
2750: If the price breaks above 2700, 2750 becomes the next key resistance level.
2800: This is a significant resistance level that could pose a challenge for further upward movement.
Disclaimer
Trading involves significant risk and it's important to do your own thorough research or consult with a professional financial advisor before making any investment decisions. The information provided here is for educational purposes only and should not be considered as financial advice. Always consider your risk tolerance and investment goals before engaging in trading activities.
Current Price 2636.700 USD
Buy: Enter a long position when the price moves above 2659 on a one-hour candle close.
Sell: Enter a short position when the price drops below 2626 on a one-hour candle close.
Support and Resistance Levels
Support Levels:
2600: This is the first line of defense where the price might find support and potentially reverse upwards.
2550: If the price falls below 2600, 2550 acts as the next significant support level.
2500: This is a major psychological level that could provide strong support.
Resistance Levels:
2700: The initial barrier where the price might encounter resistance and potentially reverse downwards.
2750: If the price breaks above 2700, 2750 becomes the next key resistance level.
2800: This is a significant resistance level that could pose a challenge for further upward movement.
Disclaimer
Trading involves significant risk and it's important to do your own thorough research or consult with a professional financial advisor before making any investment decisions. The information provided here is for educational purposes only and should not be considered as financial advice. Always consider your risk tolerance and investment goals before engaging in trading activities.
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.