XAUUSD H4 : BULLISH TREND IS STILL ACTIVE NEAR 2147$
Gold forecast for today: XAUUSD analysis
Gold is testing the key resistance of the short-term downtrend 2052 - 2046. Sellers still hold the zone. Therefore, today, consider sales according to the pattern. The sales target will be February 14 low in the zone of 1985.
However, at the moment, there is no pattern. This may lead to a breakout of the resistance 2052 - 2046 upwards. In this case, the short-term trend will reverse up. Following this, consider purchases with a target in the upper Target Zone 2121 - 2133 -2147.
NOTE: KEEP FOLLOWING ME FOR MORE ANALYSIS AND MORE INFORMATION ABOUT DIFFERENT PAIRS OF THE MARKET LIKE FOREX, CRYPTOCURRENCIES AND MUCH MORE.
Gold forecast for today: XAUUSD analysis
Gold is testing the key resistance of the short-term downtrend 2052 - 2046. Sellers still hold the zone. Therefore, today, consider sales according to the pattern. The sales target will be February 14 low in the zone of 1985.
However, at the moment, there is no pattern. This may lead to a breakout of the resistance 2052 - 2046 upwards. In this case, the short-term trend will reverse up. Following this, consider purchases with a target in the upper Target Zone 2121 - 2133 -2147.
NOTE: KEEP FOLLOWING ME FOR MORE ANALYSIS AND MORE INFORMATION ABOUT DIFFERENT PAIRS OF THE MARKET LIKE FOREX, CRYPTOCURRENCIES AND MUCH MORE.
Trade active
Trade closed: target reached
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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.