hello guys...
Gold recently broke out of its ascending channel, reaching the 4.2 Fibonacci retracement level, signaling a strong bullish trend.
The current retracement towards the channel's midpoint and the flip area is seen as a healthy correction. Traders are closely monitoring this zone as a potential entry point, anticipating another upward movement towards the top line of the channel.
The 4.2 Fibonacci level serves as a crucial reference point, and overall sentiment suggests a continuation of the bullish trend in the gold market.
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Gold recently broke out of its ascending channel, reaching the 4.2 Fibonacci retracement level, signaling a strong bullish trend.
The current retracement towards the channel's midpoint and the flip area is seen as a healthy correction. Traders are closely monitoring this zone as a potential entry point, anticipating another upward movement towards the top line of the channel.
The 4.2 Fibonacci level serves as a crucial reference point, and overall sentiment suggests a continuation of the bullish trend in the gold market.
___________________________
💻📞☎️ always do your research.
💌📫📃 If you have any questions, you can write them in the comments below, and I will answer them.
📊📌❤️And please don't forget to support this idea with your likes and comment
Not
the triangle area didn’t touch but the channel line worked fantastic!
👉 My recommended broker: bit.ly/HYMCMELI
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Telegram: t.me/melikatrader94
Forex: t.me/melikatrader94GoldForex
____
Telegram: t.me/melikatrader94
Forex: t.me/melikatrader94GoldForex
İlgili yayınlar
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.
👉 My recommended broker: bit.ly/HYMCMELI
____
Telegram: t.me/melikatrader94
Forex: t.me/melikatrader94GoldForex
____
Telegram: t.me/melikatrader94
Forex: t.me/melikatrader94GoldForex
İlgili yayınlar
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.