#GOLD ⟶ THE NEXT BIG MOVE?!
🥇#GOLD / ⏳1-hour timeframe:
👉GOLD is currently within an rising wedge pattern on the 4-hour timeframe.
👉Additionally, it's trading above its weekly support at 2505.100.
✅As a result, there's a bullish bias towards the following targets:
🎯Target 1: 2539.220
🎯Target 2: 2565.950
🎯Target 3: 2581.773-2585.950
✅There are two key support levels that could prevent a decline and potentially initiate a new uptrend:
1️⃣First support: The low of the 1-hour bullish channel, which has already been touched.
2️⃣Second support: 2505.100
❌Stop-loss for the bullish scenario: A break below 2505.100 on the 4-hour timeframe. If this happens, the trend for GOLD will shift from bullish to bearish👆👇
🔄If the stop-loss is triggered, the analysis will be updated
👉GOLD is currently within an rising wedge pattern on the 4-hour timeframe.
👉Additionally, it's trading above its weekly support at 2505.100.
✅As a result, there's a bullish bias towards the following targets:
🎯Target 1: 2539.220
🎯Target 2: 2565.950
🎯Target 3: 2581.773-2585.950
✅There are two key support levels that could prevent a decline and potentially initiate a new uptrend:
1️⃣First support: The low of the 1-hour bullish channel, which has already been touched.
2️⃣Second support: 2505.100
❌Stop-loss for the bullish scenario: A break below 2505.100 on the 4-hour timeframe. If this happens, the trend for GOLD will shift from bullish to bearish👆👇
🔄If the stop-loss is triggered, the analysis will be updated
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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.
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.