GOLD M15 ANALYSIS

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BULLISH OUTLOOK :

GOLD price are expected to rise from support levels 2610 and 2604 , as continueasly bullish today , driven by a weekening US dollar and increasing for safe heaven assets .

TECHNICAL ANALYSIS :

on the technical front, gold is trading above the 6 to 7 days moving average , indicating a bullish trend .and the relative RSI is also pointing to oversold conditions ,suggesting a potential rebound .

SNR :

key level for GOLD are at 26`0 and 2604 ,while resistance levels for GOLD are at 2648 and 2655.

PLACE ODERS :

long positions at 2618 and 2614 and must use money management.

TRADING STRATEGY :

based on our analysis ,we recommend a long position in gold targeting a move towards 2640 and 2650. however , traders should be cautions of potential pullbacks and adjust their strategies accordingly.

BEST WISHES TOM 😎

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تم فتح الصفقة

our gold setup running 160pips , close some and hold some

always trade smarter like Tom 😎

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أغلقت الصفقة: تم الوصول للهدف

our gold setup running 270pips , close your trades now.

always trade smarter like Tom 😎