💡 GOLD (
XAUUSD)
💡 Daily Timeframe:
💡 H4 Timeframe:
💡 H1 Timeframe:
Forecast:
SL: Above 2893.51
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ForecastCity Support Team
XAUUSD)💡 Daily Timeframe:
- As forecasted last week, gold started its decline when it hit the red channel line.
- This decline will continue, but the support area of 2789.95 to 2772.38 could trigger a rebound.
- So, given the long-term uptrend, we can use this area as a long-term BUY ZONE.
💡 H4 Timeframe:
- The uptrend is broken, and price is in an impulse wave.
- The bearish wave is expected to continue as long as the price is below the strong resistance at 2893.51
💡 H1 Timeframe:
- 2879.11 support is broken now. It will act as a Resistance now!
Forecast:
- Correction wave toward the Sell Zone
- Another Downward Impulse wave toward Lower TPs
SL: Above 2893.51
__________________________________________________________________
❤️ If you find this helpful and want more FREE forecasts in TradingView,
. . . . . . . . Hit the 'BOOST' button 👍
. . . . . . . . . . . Drop some feedback in the comments below! (e.g., What did you find most useful? How can we improve?)
🙏 Your support is appreciated!
Now, it's your turn!
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Have a successful week,
ForecastCity Support Team
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High Accurate forecasts by 4CastMachine AI
✅36 Forex Pairs
✅175 Cryptos
✅16 Indices
✅Gold, Silver...
👉Follow.ForecastCity.com
FREE Telegrams:
👉t.me/ForecastCity_com
👉t.me/Free_Forex_AI
👉t.me/Free_Crypto_AI
✅36 Forex Pairs
✅175 Cryptos
✅16 Indices
✅Gold, Silver...
👉Follow.ForecastCity.com
FREE Telegrams:
👉t.me/ForecastCity_com
👉t.me/Free_Forex_AI
👉t.me/Free_Crypto_AI
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.