Gold: Dominated by Bull Holders Again?
Hello everyone! Today i want to share some macro analysis with you!
TECHNICAL: Gold prices opened today's trading in a distinctly positive stance close to the $2700 handle, reinforcing expectations for a continuation of the bullish trend on an intraday and short-term basis, and opening the way for the attainment of my next awaited target of 2710, the breach of which is key to continued gains to visit the recently recorded all-time high of 2790! $Gold - main 2412(GCmain)$
Therefore, the bullish trend will continue to be suggested for the next period of time and a break below 2665 will stop the bullish rally, push prices lower and test the major bullish trend line around 2628 before any new upside attempts.
Expect today's trading range to be between the 2675 support level and the 2715 resistance level.
Trading continues to be dominated by buy order trades!
Asian and European market strategies:
Buy:2678-2781 TP:2693-2698-2700 SL:2663
Sell:2705-2708 TP:2695 SL:2715
Follow me to learn more about analysis!!
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
