Gold prices continue to hold high amid profit-taking pressure
Hello everyone, let’s join in analyzing today’s gold prices!
XAUUSD is continuing its strong uptrend, currently trading around $2,659.
In the short term, the bullish momentum is clear, with the trendline, EMAs, and other technical factors all supporting buyers despite previous pressure. However, with the profit-taking resistance still intact at $2,670, buyers may significantly weaken, especially with today’s scheduled news, which could cause major volatility.
Traders might consider selling if the price forms a double top around $2,670, with a target of $2,625.
SELL GOLD: 2670 - 2672
STOPLOSS: 2675
TP: 2640 , 2625
Wishing you all successful trades and great profits!
XAUUSD is continuing its strong uptrend, currently trading around $2,659.
In the short term, the bullish momentum is clear, with the trendline, EMAs, and other technical factors all supporting buyers despite previous pressure. However, with the profit-taking resistance still intact at $2,670, buyers may significantly weaken, especially with today’s scheduled news, which could cause major volatility.
Traders might consider selling if the price forms a double top around $2,670, with a target of $2,625.
SELL GOLD: 2670 - 2672
STOPLOSS: 2675
TP: 2640 , 2625
Wishing you all successful trades and great profits!
הערה
Gold price increased during the European session, approaching the old peak of 2670, buyers determined to have FOMO this week
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פרסומים קשורים
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.