Gold will start to rise sharply after the correction!!
Gold has reached a new all-time high (ATH), signaling strong bullish momentum. The breakout above the long-term rising trendline, which previously acted as resistance, indicates a shift in market structure.
The resistance zone has now turned into support, confirming buyers' dominance. A minor pullback or retest of this breakout level could be expected before a stronger continuation to the upside.
If the price sustains above this zone, potential targets lie at $3,100-$3,200 in the short term and $3,500+ in the medium term.
The resistance zone has now turned into support, confirming buyers' dominance. A minor pullback or retest of this breakout level could be expected before a stronger continuation to the upside.
If the price sustains above this zone, potential targets lie at $3,100-$3,200 in the short term and $3,500+ in the medium term.
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As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.