
ZacksJourney
@t_ZacksJourney
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ZacksJourney

Analyzing the H1 timeframe suggests that gold may soon experience a decline back towards the support level at 2298. Notably, the current resistance level was once a robust support level. The decisive breakout signals gold's intention to sustain its downtrend. Therefore, I intend to capitalize on this opportunity with a swing sell. Are there many who share my perspective? Show your support with likes and comments. Best regards, Zack

ZacksJourney

Based on my observations, the current resistance used to be a strong support on the daily timeframe. A solid breakout indicates that the price is now moving towards a new level. I'm targeting this 2332 resistance as the golden zone for us to swing short towards the support at 2299. Show your support with likes and comments. Best regards, ZackOur trade is still in play, as the price edges closer to our 2332 target. We haven't hit our take profit yet, but the market's behavior remains promising. Keep an eye out for any critical developments that might influence our strategy. I'll continue to provide updates as the situation evolves.

ZacksJourney

If we observe closely, gold is currently reacting to the resistance zone, heading back towards support at the price of 2300. This support also represents a solid Resistance Become Support (RBS) Zone. I'll be going long when the price returns to this support level. Show your support with likes and comments. Best regards, Zack
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