XAUUSD - ANALYSIS
Hello friends, I want to share my perspective on GOLD with you.
As we can see, gold has formed a price range and has broken above it. Currently, it has pulled back to its previous range. Based on what I observe in the chart, if we see weakness in the downtrend on the 4h timeframe and a 4h candle closes above the midline of the range, we can expect an upward bullish movement for gold.
My first target, if this scenario plays out, is 2735.
Trade safe
As we can see, gold has formed a price range and has broken above it. Currently, it has pulled back to its previous range. Based on what I observe in the chart, if we see weakness in the downtrend on the 4h timeframe and a 4h candle closes above the midline of the range, we can expect an upward bullish movement for gold.
My first target, if this scenario plays out, is 2735.
Trade safe
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