GOLD UPDATE ⟶ MAXIMUM GROWTH HIT – IS A DROP COMING?

31 Eki 2024

Hey everyone! 👋

In my opinion, #GOLD has experienced a lot of growth and has already hit its weekly and monthly targets, so it might be due for a correction (drop) 📉. If it does continue to grow, it might only reach the second monthly target at 2811.140 before starting a drop.

**My short-term growth plan:**
Check out the chart on the left.
In the 15-minute time frame, and considering the recent gradual drop, #GOLD could start another growth if it breaks its daily resistance (2782.823) on the 15-minute time frame 📈.

This growth could continue to the following targets:
- **Target 1:** 2794.722 🎯
- **Target 2:** 2801.968 🎯
- **Target 3 (final):** 2811.140 🎯

**Stop-Loss for the growth scenario:**
Based on the 4-hour time frame - check the chart on the right.
Given the maximum growth #GOLD has experienced, if the price drops before confirming the growth condition in the 15-minute time-frame, and a cross occurs in the MACD indicator on the 4-hour time-frame (confirming a triple divergence), a drop will begin from this area without any further growth ❌.

This drop could be significant and, in the first step, could reach the following targets:
- **Target 1:** 2738.165 📉
- **Target 2:** 2688.395 📉
- **Target 3:** 2597.415 📉

6 Kas 2024

İşlem aktif

How’s it going, everyone? 😊
When did I tell you that #GOLD would have a deep drop? 📉

Since then (price at 2777.000), gold has experienced about a 4% sharp drop and has hit Targets 1 and 2 of the analysis 🎯

Hope you made the most of this timely analysis 😉

12 Kas 2024

İşlem kapandı: hedefe ulaştı

Hey, how’s it going, guys?

Did you keep an eye on my last analysis of #GOLD?

It was spot on!
It dropped exactly as predicted and hit the full target. 🎯📉

Want to know if GOLD is going to drop further? 🤔📊