Amidst dxy consolidation, gold seems to be forming a correction. A new trading range is formed between 3300 and 3340. Earlier in the session, false breakout of 3340 resistance formed, but price got rejected strongly. Our focus is on gold correcting itself, where it has the potential to tap the important support zone at 3275.
Levels to lookout for
Support: 3300, 3275
Resistance: 3340
Happy trading!
Levels to lookout for
Support: 3300, 3275
Resistance: 3340
Happy trading!
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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.