Gold is looking bullish this week, with prices hovering around $4215.82. Here are some potential trade ideas:
Bullish Scenario:
– Buy Gold if it breaks above $4250, targeting $4300 and $4350.
– Stop-loss below $4150.
Bearish Scenario:
– Sell Gold if it breaks below $4150, targeting $4100 and $4050.
– Stop-loss above $4250.
Key levels to watch:
– Support: $4150, $4100, $4050
– Resistance: $4250, $4300, $4350
The market is expecting a Federal Reserve rate cut in December, which is boosting gold prices. Additionally, geopolitical tensions and central bank demand are supporting the metal’s resilience
