Gold continues its intraday slow upward trend, with price action now firmly above the psychological $3,400 level. This sustained bullish momentum suggests a potential extension toward the next technical resistance zone around $3,419.
While the $3,419 level could act as a short-term cap, the strength of the prevailing trend may limit its effectiveness. In this context, a buy-the-dip strategy remains the preferred approach, aligned with the dominant upward momentum.
Trade Recommendation:
Consider initiating long positions around $3,383–$3,384, with a protective stop below $3,375 and an upside target at $3,419. Traders should remain flexible and responsive to intraday price action, applying proper risk controls at all times.
With bulls in control, trend-following strategies continue to offer the highest probability setups. Avoid counter-trend trades in this phase of the market.
While the $3,419 level could act as a short-term cap, the strength of the prevailing trend may limit its effectiveness. In this context, a buy-the-dip strategy remains the preferred approach, aligned with the dominant upward momentum.
Trade Recommendation:
Consider initiating long positions around $3,383–$3,384, with a protective stop below $3,375 and an upside target at $3,419. Traders should remain flexible and responsive to intraday price action, applying proper risk controls at all times.
With bulls in control, trend-following strategies continue to offer the highest probability setups. Avoid counter-trend trades in this phase of the market.
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。