Gold price continues to prioritize selling in the short term!
Hello everyone, Brian here! 👋
Today, gold continues to move within its descending channel, and my focus remains on selling opportunities:
Friday Market Update:
As we head into the weekend, gold maintains its downward trend. The liquidity range for SELL positions is currently between $2316 and $2320.
Key Levels to Watch:
Upper Breakout Level: $2325
Lower Breakout Levels: $2305, $2291, $2286, $2280
Important Price Zones:
Support Levels:
$2305, $2291, $2286, $2280, $2274
Resistance Levels:
$2316, $2321, $2325, $2333, $2338
Keep an eye on these critical price points as they will likely dictate the market's direction.
Trading Strategy:
Given the current bearish sentiment, I am prioritizing sell positions. Let's stay sharp and make informed decisions based on these levels.
Happy trading and have a great weekend!
Today, gold continues to move within its descending channel, and my focus remains on selling opportunities:
Friday Market Update:
As we head into the weekend, gold maintains its downward trend. The liquidity range for SELL positions is currently between $2316 and $2320.
Key Levels to Watch:
Upper Breakout Level: $2325
Lower Breakout Levels: $2305, $2291, $2286, $2280
Important Price Zones:
Support Levels:
$2305, $2291, $2286, $2280, $2274
Resistance Levels:
$2316, $2321, $2325, $2333, $2338
Keep an eye on these critical price points as they will likely dictate the market's direction.
Trading Strategy:
Given the current bearish sentiment, I am prioritizing sell positions. Let's stay sharp and make informed decisions based on these levels.
Happy trading and have a great weekend!
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