Hello dear traders,
In the global gold market on the daily timeframe, we are witnessing the price reaching its previous ceiling. Considering the strong upward momentum in gold, we expect it to break the resistance ahead. We have drawn two scenarios for the price movement of gold, and personally, I prefer the first scenario more, as I am looking for long setups in the golden zone.
I hope this has been helpful for you.
Thank you for following me.
In the global gold market on the daily timeframe, we are witnessing the price reaching its previous ceiling. Considering the strong upward momentum in gold, we expect it to break the resistance ahead. We have drawn two scenarios for the price movement of gold, and personally, I prefer the first scenario more, as I am looking for long setups in the golden zone.
I hope this has been helpful for you.
Thank you for following me.
Trade closed: target reached:
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