#GOLD ⟶ IS NOW THE TIME TO BUY?!
Güncellendi
👀As we've seen today, the US dollar has strengthened against most major currencies, with the exception of the Canadian dollar.
👉This may be attributed to the somewhat disappointing August non-farm payroll data!!
🧐Markets are now keenly awaiting more significant economic data releases this week, such as the CPI and the European Central Bank's interest rate decision🔥
🥴Given the Federal Reserve's anticipated silence until the FOMC meeting on September 17-18, this period of news uncertainty might be an opportune time to delve into #GOLD charts for potential market insights.
✅Let's unravel the GOLD market's next move together👇👇👇
💎Daily #Gold Analysis
📌A bullish trendline with a gentle slope and an bullish channel can be drawn on the daily timeframe for the recent bullish movement.
✅As long as Gold remains within this bullish channel, the bias is bullish towards the primary targets aligned with monthly and weekly pivot points🚀🚀
🎯Gold could initiate its rally towards the following targets from the current level, either based on lower timeframe confirmation of a bottom (lower timeframes confirming a base) or after a temporary pullback to the support zone of 2459.908-2469.887:
🚀Target 1: 2522.85-2527.3
🚀🚀Target 2: 2557-2568.65
🚀🚀Target 3: 2634 (Ultimate target for Gold)
❌The stop-loss for this bullish scenario is a breakout below the daily bullish channel. If the support at the channel bottom is lost, a decline to 2401.3 could occur, followed by a retest of the lower trendline with a gentler slope on the daily timeframe🎯🔻
⚠️If the bearish condition is confirmed, this lower trendline could serve as the ultimate bearish target.
............................
💎4-Hour Gold Analysis
👉As evident from the chart, Gold is currently contained within a box on the 4-hour timeframe (between the two yellow-colored zones).
👀The recent decline failed to reach the lower zone of the box and is now contending with its weekly resistance level at 2499.6.
⁉️Note that Gold could initiate its rally towards the targets mentioned in the primary analysis even before reaching the bottom of the box, provided it can decisively break above the weekly resistance (2499.6).
🔻✅However, if it shows weakness at the weekly resistance, it may decline to retest the bottom of the box or the primary support zone (2459.908-2469.887) before initiating an bullish move.
🙅Overall, the bias remains bullish due to the higher timeframe perspective. We now need to observe whether this rally begins immediately with a breakout above the weekly resistance or after a temporary pullback to the two support zones🚀🚀
👉This may be attributed to the somewhat disappointing August non-farm payroll data!!
🧐Markets are now keenly awaiting more significant economic data releases this week, such as the CPI and the European Central Bank's interest rate decision🔥
🥴Given the Federal Reserve's anticipated silence until the FOMC meeting on September 17-18, this period of news uncertainty might be an opportune time to delve into #GOLD charts for potential market insights.
✅Let's unravel the GOLD market's next move together👇👇👇
💎Daily #Gold Analysis
📌A bullish trendline with a gentle slope and an bullish channel can be drawn on the daily timeframe for the recent bullish movement.
✅As long as Gold remains within this bullish channel, the bias is bullish towards the primary targets aligned with monthly and weekly pivot points🚀🚀
🎯Gold could initiate its rally towards the following targets from the current level, either based on lower timeframe confirmation of a bottom (lower timeframes confirming a base) or after a temporary pullback to the support zone of 2459.908-2469.887:
🚀Target 1: 2522.85-2527.3
🚀🚀Target 2: 2557-2568.65
🚀🚀Target 3: 2634 (Ultimate target for Gold)
❌The stop-loss for this bullish scenario is a breakout below the daily bullish channel. If the support at the channel bottom is lost, a decline to 2401.3 could occur, followed by a retest of the lower trendline with a gentler slope on the daily timeframe🎯🔻
⚠️If the bearish condition is confirmed, this lower trendline could serve as the ultimate bearish target.
............................
💎4-Hour Gold Analysis
👉As evident from the chart, Gold is currently contained within a box on the 4-hour timeframe (between the two yellow-colored zones).
👀The recent decline failed to reach the lower zone of the box and is now contending with its weekly resistance level at 2499.6.
⁉️Note that Gold could initiate its rally towards the targets mentioned in the primary analysis even before reaching the bottom of the box, provided it can decisively break above the weekly resistance (2499.6).
🔻✅However, if it shows weakness at the weekly resistance, it may decline to retest the bottom of the box or the primary support zone (2459.908-2469.887) before initiating an bullish move.
🙅Overall, the bias remains bullish due to the higher timeframe perspective. We now need to observe whether this rally begins immediately with a breakout above the weekly resistance or after a temporary pullback to the two support zones🚀🚀
Not
Hi Guys🤚
👀Remember my last #GOLD analysis⁉️
😤I can't stress enough how crucial the points in the caption were❗️
✅In that post, I outlined the conditions for bullish momentum on the 4-hour timeframe, following my previous analysis
😍With the bullish condition now confirmed based on the explanations I provided, #GOLD has surged and already hit its first target✅🎯💰
İşlem kapandı: hedefe ulaştı
Hi Guys🤚
✅As per this week's plan, #GOLD has successfully reached targets 1 and 2🎉💰
🤌The exact growth condition was outlined in the caption of the image I've shared, using a 4-hour timeframe.
✅By adhering to this growth condition, you could have captured the 2.5% growth🚀💰
🤩I'm delighted to have accurately predicted #GOLD's movement this week and hope you've profited from this plan✌️❤️
❤️Wishing you continued success❤️
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