Looking at the gold price action on the 1-hour chart, the market
Looking at the gold price action on the 1-hour chart, the market appears to be trending upward with consistent bullish momentum. Here's an analysis to help decide:
1. Key Levels:
Resistance: Around 2,650 (previous high levels).
Support: Around 2,620 (recent consolidation zone).
2. Potential Trades:
Buy Option: If gold sustains above 2,640, it could aim for a move toward 2,655 (targeting 150 pips). Set stop loss near 2,630.
For More Information
tinyurl.com/2xu9lp6h
Sell Option: If gold breaks below 2,620, it could target 2,605. Set stop loss around 2,630.
3. Trade Confirmation:
For Buy, wait for a strong bullish candle above 2,640.
For Sell, look for a bearish candle breaking 2,620.
Let me know if you want a more detailed breakdown.
1. Key Levels:
Resistance: Around 2,650 (previous high levels).
Support: Around 2,620 (recent consolidation zone).
2. Potential Trades:
Buy Option: If gold sustains above 2,640, it could aim for a move toward 2,655 (targeting 150 pips). Set stop loss near 2,630.
For More Information
tinyurl.com/2xu9lp6h
Sell Option: If gold breaks below 2,620, it could target 2,605. Set stop loss around 2,630.
3. Trade Confirmation:
For Buy, wait for a strong bullish candle above 2,640.
For Sell, look for a bearish candle breaking 2,620.
Let me know if you want a more detailed breakdown.
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