Gold Spot / U.S. Dollar
Updated

GOLD NEXT MOVE (EXPECTING A MILD BULLISH MOVE )(07-08-2024)

8498
Go through the analysis carefully, and do trade accordingly.

Anup 'BIAS for the day (07-08-2024)
Current price- 2400
"if Price stays above 2382, then next target is 2410 and 2424 and below that 2365.

-POSSIBILITY-1
Wait (as geopolitical situation are worsening )

-POSSIBILITY-2
Wait (as geopolitical situation are worsening)



Best of luck
Never risk more than 1% of principal to follow any position.
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gold did close below 2382 on 1H time frame.
now our first BIAS target done +100 pips profit done (2400-2410)
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OUR FULL BIAS TARGET DONE
1st target +100 PIPS ✅
2nd target +240 PIPS ✅
&
Full target achieved👍👍
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gold did close below 2382 on 1H time frame.
GOLD buy is running +370 PIPS IN PROFIT (2400-2437)
snapshot
Note
IMMEDIATE SUPPORT- 2422-2425
IMMEIDATE RESISTANCE- 2437-2438.

BREAK-OUT OF SUPPORT, IF, FIRST.
THEN TARGET WILL BE 2408-2410
BREA-OUT OF RESISTANCE, IF FIRST
THEN TARGET WILL BE 2445-2450
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GOLD buy is running +450 PIPS IN PROFIT (2400-2446)
snapshot
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GOLD buy is running +760 PIPS IN PROFIT (2400-2476)
snapshot
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we only booked 50% profit here, we are still holding our 50% trade and waiting for the price to hit 2485
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IMMEDIATE SUPPORT- 2448-2452
IMMEIDATE RESISTANCE- 2475-80.

Break-our of support, if first,
then next will be 2440 followed by 2432
Break-out of resistance,
then next will be 2483, followed by 2490
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Gold Market Update:

If Gold prices trade above $2448-2452, then its Bullish trend will be intact.....
If gold holds this zone, then we may see next significant targets at $2,477, $2,483, and $2,490.
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As suggested in the previous comment.
Gold hit significant target 2477 completely
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GOLD buy is running +790 PIPS IN PROFIT (2400-2479)
we secured huge profit in this trade.
Note
new analysis for the day i.e. 16-08-2024 has been published.
plz go through it and trade accordingly.

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