GOLD (XAUUSD): Consolidation & Complete Indecision
⚠️Gold is currently trading in a horizontal range on a 4-hour chart.
There are two possible scenarios depending on which direction the breakout occurs.
📈In a bullish scenario, if the price breaks above the 2956 resistance and closes above it on a 4-hour chart, I anticipate a bullish movement towards the 2980 level.
📉In a bearish scenario, if the market breaks below the 2916 support and closes below it, a bearish movement towards the 2900 level is expected.
As always, the breakout is the best confirmation, so it is recommended to wait patiently for that.
There are two possible scenarios depending on which direction the breakout occurs.
📈In a bullish scenario, if the price breaks above the 2956 resistance and closes above it on a 4-hour chart, I anticipate a bullish movement towards the 2980 level.
📉In a bearish scenario, if the market breaks below the 2916 support and closes below it, a bearish movement towards the 2900 level is expected.
As always, the breakout is the best confirmation, so it is recommended to wait patiently for that.
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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 daily market update 👇👇
t.me/TheAceTrading
For paid signal👇👇 t.me/linofx1999
t.me/TheAceTrading
For paid signal👇👇 t.me/linofx1999
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.