GOLD ANALYSIS 8TH NOV
Gold Price Analysis
Current Trend: Bearish
Key Observations: Gold has recently bounced from a 4-hour demand zone acting as support. However, it's rejecting from a major support level that has now turned into resistance.
Short Trade Setup:
Wait for the minor support to break.
Enter short positions on a retracement.
Target the 4-hour demand zone as the take-profit level.
Long Trade Setup:
Allow price to break above the 15-minute resistance level.
Look for a retracement to enter longs.
Current Trend: Bearish
Key Observations: Gold has recently bounced from a 4-hour demand zone acting as support. However, it's rejecting from a major support level that has now turned into resistance.
Short Trade Setup:
Wait for the minor support to break.
Enter short positions on a retracement.
Target the 4-hour demand zone as the take-profit level.
Long Trade Setup:
Allow price to break above the 15-minute resistance level.
Look for a retracement to enter longs.
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Aviso legal
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.