XAUUSD | Great Buying opportunity with minimum loss
For traders using TradingView, the short-term analysis of gold suggests a bullish outlook. The price of gold has been consolidating in a narrow range for the past few weeks, but the overall trend remains bullish. The buyers have taken control of the market and the price is likely to move higher. However, it's important to note that the chosen area is a strong resistance level, so traders should keep a close eye on the price action and consider implementing proper risk management strategies. With the current market conditions, there is a great opportunity for traders to profit from the potential upside movement of gold in the short-term.
Trade closed: stop reached
🔺 Buy: ⬆️ NOW or in 2014 🤑
🛑 Stop Loss: 🛑 2007 💸
🎯 Take Profit: 🎯 2034 🚀