🟡 WHY IS GOLD GOING UP? 3 LEVELS I’M WATCHING TODAY
Gold is again showing strong momentum 🔥
But before entering, I look at more than just the direction of the price.
📌 1. Resistance — if the price breaks the level and closes above it, it may indicate a continuation of the uptrend.
📌 2. Support — if there’s a pullback, this is where I’ll be watching the price reaction.
📌 3. Volume + candles — helps determine whether the breakout is real or if it might be a false move.
⚠️ Main rule: don’t chase the price after a big candle. It’s better to wait for confirmation.
What do you think—will gold continue 🟢 higher today, or will it give a 🔴 pullback?
#GOLD #XAUUSD #GoldTrading #Trading #Forex #BinanceSquareVietnam #US10YTreasuryYieldHits19YearHigh
Gold is again showing strong momentum 🔥
But before entering, I look at more than just the direction of the price.
📌 1. Resistance — if the price breaks the level and closes above it, it may indicate a continuation of the uptrend.
📌 2. Support — if there’s a pullback, this is where I’ll be watching the price reaction.
📌 3. Volume + candles — helps determine whether the breakout is real or if it might be a false move.
⚠️ Main rule: don’t chase the price after a big candle. It’s better to wait for confirmation.
What do you think—will gold continue 🟢 higher today, or will it give a 🔴 pullback?
#GOLD #XAUUSD #GoldTrading #Trading #Forex #BinanceSquareVietnam #US10YTreasuryYieldHits19YearHigh