π° Pair Name : XAU/USD
π° Time Frame : 4H/1H
π° Scale Type : MID Scale
π° Direction : SELL
In our comprehensive Gold roadmap analysis (refer to the associated post ππ€οΈ), we have elucidated our fundamental perspective. Currently, our interest in acquiring gold on a significant scale remains subdued βπ.
From a strictly technical standpoint, notable developments have occurred ππ. The price has surpassed the 100% Fibonacci level, setting the stage for an imminent progression towards the 127% Fibonacci extension level β‘οΈπ. It is conceivable that today's price action will involve a retracement to rectify the prevailing imbalance βοΈ, subsequently steering the price trajectory downwards towards the 127% extension level, proximately situated around the 1800 area ππΌ.
ππ #GoldAnalysis #TechnicalInsights #MarketUpdate ππ₯
π° Time Frame : 4H/1H
π° Scale Type : MID Scale
π° Direction : SELL
In our comprehensive Gold roadmap analysis (refer to the associated post ππ€οΈ), we have elucidated our fundamental perspective. Currently, our interest in acquiring gold on a significant scale remains subdued βπ.
From a strictly technical standpoint, notable developments have occurred ππ. The price has surpassed the 100% Fibonacci level, setting the stage for an imminent progression towards the 127% Fibonacci extension level β‘οΈπ. It is conceivable that today's price action will involve a retracement to rectify the prevailing imbalance βοΈ, subsequently steering the price trajectory downwards towards the 127% extension level, proximately situated around the 1800 area ππΌ.
ππ #GoldAnalysis #TechnicalInsights #MarketUpdate ππ₯
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