By re-examining the gold chart on the 30-minute timeframe, we can see that the price once again moved exactly as expected and finally managed to rise back above $3100, reaching as high as $3136.5! Currently, gold is trading around $3120, and I expect we will soon see further decline in gold. The potential downside targets are $3115, $3105, and $3100 respectively. This analysis will be updated again!
The Last Analysis :
The Last Analysis :
Trade active
By examining the gold chart on the 30-minute timeframe, we can see that yesterday the price initially managed to drop to $3115 and hit our first bearish target, but it failed to reach the next targets at $3105 and $3100! After that, gold resumed its strong bullish movement and firmly broke its previous high, registering a new record at $3237! After reaching this new high, the price experienced a minor correction and is currently trading around $3230! As we can see, there is currently no sign of a trend reversal or the start of a new corrective wave on the chart! So we must remain patient and wait for a break in market structure! I’ll update you immediately once the structure changes!Trade closed: target reached
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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.
Join me for more Free Signals and New Analyzes In the Public Channel :
⚜️ Free Telegram Channel : t.me/PriceAction_ICT
⚜️ Contact Me : t.me/ArmanShabanTrading
⚜️ Free Telegram Channel : t.me/PriceAction_ICT
⚜️ Contact Me : t.me/ArmanShabanTrading
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.