In this analysis we can see gold price is strullging between is symmetrical triangle and flag patterns after a strong upside move. here we have two sanerio if on monday price respect this sysmmertical triangle and bounch from 1780 than we see gold price at 1786 and if break 1787 than it goes to 1795 strong resitance of 200 Ema in 4h time frame. otherwise if price...
Hello traders, Gold in 1 hour timeframe, in previous analyzes we had a general wave called (b) and this wave b is involved in the formation of wave -a- itself.
Wave a consists of 5 waves and this indicates that wave (b) is zigzag .
Wave a is very vague for being 5 waves, but according to the channels, waves 1, 2, 3 and 4 of wave a are complete and now we are...
Hello traders, Gold in 30 minutes time frame, in this analysis I examined the green probability in 4 hours time frame.
If gold can not break the purple line and the price moves up, the uptrend is almost confirmed.
Also, if the purple line is broken, it is better to buy gold after 1790.
🙏If you have an idea that helps me provide a better analysis, I will be happy...
Gold close to finding monthly and weekly support levels around 1672. Expecting some resistance around 1714-1720 and a bounce around 1672.
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Gold in the medium to long term
I still see the possibility of continuing the current bullish wave to $1450 , especially with the negative pressure expected for the US dollar for the coming period with Fed is awaiting the next economic data and suspending talk about rate cuts
As well as current political tensions
Technically and measured on previous moves the...