Gold on high time frame
Hello traders,
As you can see on the chart, there are two scenarios for gold:
1. This level is critical on the daily timeframe. If the price closes below $2,550 on the higher timeframe, the next level could be $2,350.
2. Conversely, if the price closes above $2,630 in the 4-hour timeframe, it may continue to rise and reach a new higher high.
Currently, gold is strongly bullish on the higher timeframe, but the price is in a correction phase.
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Feel free to ask if you need further adjustments or if there are specific areas you'd like me to focus on!
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.