Gold Will Make New ATH Again
XAU/USD 4-Hour Time Frame: Gold Exhibits Uptrend Within Parallel Channel
Our technical analysis indicates that gold is trending upward within a well-defined parallel channel on the 4-hour chart. Recently, the price dipped to $2,888, likely due to institutional traders hunting stop-losses. With liquidity now absorbed, we anticipate a bullish scenario, potentially leading to new all-time highs.
This outlook is further supported by the current macroeconomic environment, with inflation concerns and geopolitical tensions driving safe-haven demand for gold. Additionally, the recent weakness in the US dollar may provide further upside momentum for the precious metal.
Our technical analysis indicates that gold is trending upward within a well-defined parallel channel on the 4-hour chart. Recently, the price dipped to $2,888, likely due to institutional traders hunting stop-losses. With liquidity now absorbed, we anticipate a bullish scenario, potentially leading to new all-time highs.
This outlook is further supported by the current macroeconomic environment, with inflation concerns and geopolitical tensions driving safe-haven demand for gold. Additionally, the recent weakness in the US dollar may provide further upside momentum for the precious metal.
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Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Join Our Telegram Channel For Getting Signals and Analysis👇👇
t.me/Trade_with_Natasha7
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Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.