Trading strategy for GOLD

103
XAUUSD is at a good support level (3296.7 to 2219.80), which is a confluence of supporting trendline.
From this support zone breakdown, prices will be falling till the key reversal/breakout zone, i.e., $3279 to 3265.60
If price breaks this key level, it will find another support at $3223 as T1
On the contrary, price bouncing from the support zone will retest
$3430 to 3451 zone.

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.
OSZAR »