📍 GOLD — Daily & 4H Timeframes
On the daily timeframe, gold is targeting the 3435 level.
On the 4-hour chart, buyers attempted to break out of the sideways range, but the price was pulled back inside.
A second attempt also failed — only the wick extended beyond the range, where the key volume is located.
It’s likely that the price will test the buyer zone again (blue rectangle on the chart), which also contains a price gap.
The boundaries of the sideways ranges are marked with black lines.
This analysis is based on the Initiative Analysis concept (IA).
Wishing you profitable trades!
On the daily timeframe, gold is targeting the 3435 level.
On the 4-hour chart, buyers attempted to break out of the sideways range, but the price was pulled back inside.
A second attempt also failed — only the wick extended beyond the range, where the key volume is located.
It’s likely that the price will test the buyer zone again (blue rectangle on the chart), which also contains a price gap.
The boundaries of the sideways ranges are marked with black lines.
This analysis is based on the Initiative Analysis concept (IA).
Wishing you profitable trades!
Wishing you profitable trades!
Clarity on the Chart. Smart Trading Decisions.
No signals. Just clean structure and context t.me/user_friendly_trading
Clarity on the Chart. Smart Trading Decisions.
No signals. Just clean structure and context t.me/user_friendly_trading
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.
Wishing you profitable trades!
Clarity on the Chart. Smart Trading Decisions.
No signals. Just clean structure and context t.me/user_friendly_trading
Clarity on the Chart. Smart Trading Decisions.
No signals. Just clean structure and context t.me/user_friendly_trading
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.