Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Since the onset of January 2nd, 2024, a discernible downtrend channel has shaped the intricate interplay between gold and the US dollar. Delving into the meticulous examination of gold's financial intricacies, my attention is laser-focused on identifying opportune moments for selling as the precious metal nears the trend line this week.
In the event that price...
Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
After every impulse, comes the correction. Gold has done both. Now we expect the next impulse to follow. This one could take us pass the point of the pullback to the Feb 2020 highs.
Let's wait for a daily close above the resistance level, and maybe we can collect some good pippage.
What do you think? Am I crazy? Or am I on to something?
You will learn the best place where we can trade this instrument at low risk.
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P.S. I personally will open entry if the price will show it according to my...
