2344 TP on its way then 2350
Gold now in consolidation for two days after dropping from 2368 to 2316 now planning is to
take ride to upside the reacted unfavorably to the resistance zone, failing to generate a strong bearish move and instead reinforcing the sideways trend. However, upon examining the 4H chart, we see a series of strong bullish candles and gradual pullbacks that have formed higher lows.
With no high-impact news on the horizon for today, I anticipate a continued consolidation phase. Nevertheless, I expect the market to move down towards the upward trendline, potentially triggering a subsequent bullish move tomorrow if the price action confirms a buy signal. My goal is resistance zone at 2350.
Traders, if you like this idea or have your own opinion on this matter, write in the comments. I will be glad
take ride to upside the reacted unfavorably to the resistance zone, failing to generate a strong bearish move and instead reinforcing the sideways trend. However, upon examining the 4H chart, we see a series of strong bullish candles and gradual pullbacks that have formed higher lows.
With no high-impact news on the horizon for today, I anticipate a continued consolidation phase. Nevertheless, I expect the market to move down towards the upward trendline, potentially triggering a subsequent bullish move tomorrow if the price action confirms a buy signal. My goal is resistance zone at 2350.
Traders, if you like this idea or have your own opinion on this matter, write in the comments. I will be glad
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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.
The offical web Channel available to join free now learn trading , including signals , acc management portfolio growth 💵💰👉 t.me/+vQpov73f4tQ0MDNk
70% Bonus Claim 👉 startrader.com/live-account/?affid=40949
70% Bonus Claim 👉 startrader.com/live-account/?affid=40949
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.