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mahdisoltaninjad
Aug 1, 2021 7:44 PM

GOLD (XAUUSD) | The best area to start the uptrend🔥 Long

GOLD / U.S. DOLLARICE

Description

Hello traders, Gold in 4-hour timeframe, this analysis is prepared in 4-hour timeframe, but has been published for a better view in 8-hour timeframe.
According to previous analyzes, gold has been able to break the pink trend line and our channel.
If gold can break the red channel ceiling, I expect the 1795 area or eventually Fibonacci 0.618 to move and then start the uptrend.
In case of reaction to the roof of the channel , there is a possibility of ascending to the area of 1850, and after the complete failure of this area, the long-term ascent of gold is confirmed.
If the blue trend line is completely broken, this analysis will be fielded and further gold decline will be confirmed.
🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏
❤️Please, support this idea with a like and comment!❤️
Comments
fatemeh_asp1984
thank you for your post, in daily timeframe, double top pattern is formed, does not it affect on your forecast?
mahdisoltaninjad
@fatemeh_asp1984, thank you
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Mihai_Iacob
Keep them coming
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