H1 & H4 Timeframe Analysis
Gold is currently showing a bullish trend due to the ongoing Middle East crisis.if this Escalation between Iran isreal then focus on buying gold on every DIP.
Bullish scanario:
I’ve identified my re-entry zones and plan to buy on every dip, focusing on scalping with buy positions only.
3380-3390 is the optimal buying area although it H4 candle closes above 3435 then traget will be 3480.
My target is the potential extension towards the $3480 milestone.
Bearish Scenario:
However, if gold closes the week below the $3380 level, I expect it to shift into a ranging market 3380-3330 and I will reassess my outlook.
#XAUUSD
Gold is currently showing a bullish trend due to the ongoing Middle East crisis.if this Escalation between Iran isreal then focus on buying gold on every DIP.
Bullish scanario:
I’ve identified my re-entry zones and plan to buy on every dip, focusing on scalping with buy positions only.
3380-3390 is the optimal buying area although it H4 candle closes above 3435 then traget will be 3480.
My target is the potential extension towards the $3480 milestone.
Bearish Scenario:
However, if gold closes the week below the $3380 level, I expect it to shift into a ranging market 3380-3330 and I will reassess my outlook.
#XAUUSD
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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.
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.