29/11/2024 Gold trade idea
Quiet on the news front today, and with it being the last trading day of the month before we head into the final month of Q3, we could see either high liquidity or a subdued market.
During the Asian session, gold moved 240 pips, breaking yesterday’s highs and reinforcing 2647 as a key support level.
For today, I’m bullish on gold.
I’d look for buy opportunities on pullbacks around 2655–2647.
Buys above 2670 and 2697 are also in play, with 2715 as the next major liquidity target.
I’ll only consider sells if we see a decisive break below 2623.
Stay sharp and stick to your plan
During the Asian session, gold moved 240 pips, breaking yesterday’s highs and reinforcing 2647 as a key support level.
For today, I’m bullish on gold.
I’d look for buy opportunities on pullbacks around 2655–2647.
Buys above 2670 and 2697 are also in play, with 2715 as the next major liquidity target.
I’ll only consider sells if we see a decisive break below 2623.
Stay sharp and stick to your plan
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