Evaluate the strategy and outlook for gold prices today!
Current Trend: The 4-hour chart shows gold in a short-term uptrend. The price is above the EMA 34 and EMA 89, showing that the upward momentum is still strong.
Critical Support Zone: 2,335 USD - 2,333 USD, coincident with the EMAs, acting as a strong support zone.
Key Resistance: $2,387 is the resistance to watch out for. If the price breaks this level, the uptrend could be further strengthened.
Trading strategies:
Buy: When the price adjusts to the support area around 2,335 USD and shows signs of rebounding.
Sell: When the price approaches the resistance level of 2,387 USD and shows signs of strong rejection.
Critical Support Zone: 2,335 USD - 2,333 USD, coincident with the EMAs, acting as a strong support zone.
Key Resistance: $2,387 is the resistance to watch out for. If the price breaks this level, the uptrend could be further strengthened.
Trading strategies:
Buy: When the price adjusts to the support area around 2,335 USD and shows signs of rebounding.
Sell: When the price approaches the resistance level of 2,387 USD and shows signs of strong rejection.
Trade active
Trade closed: target reached
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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.
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.