Hello traders
What is your take on gold?
Gold is still in an uptrend with no clear signs that the bullish wave has ended. We still expect prices to at least reach above $3,000 for some time to come.
However, on the daily timeframe, gold has entered the overbought zone, leading to the expected correction phase.
At this point, we expect prices to pull back further to lower levels before starting a new bullish move.
Be patient and look for the right buying opportunities.
Monitor the price reaction to support levels to determine the best entry point.
The overall trend remains bullish and the current correction may provide a good re-entry opportunity.
What is your take on gold? Do you think the $3,000 target is achievable?
Comments are welcome for communication
What is your take on gold?
Gold is still in an uptrend with no clear signs that the bullish wave has ended. We still expect prices to at least reach above $3,000 for some time to come.
However, on the daily timeframe, gold has entered the overbought zone, leading to the expected correction phase.
At this point, we expect prices to pull back further to lower levels before starting a new bullish move.
Be patient and look for the right buying opportunities.
Monitor the price reaction to support levels to determine the best entry point.
The overall trend remains bullish and the current correction may provide a good re-entry opportunity.
What is your take on gold? Do you think the $3,000 target is achievable?
Comments are welcome for communication
Trade active
The bull market of gold is still strong. I suggest you not to trade blindly if you are confused about the market. You can click the link to discuss with me. I hope my analysis will be helpful to you.
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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.