**XAUUSD: 1-Hour Chart Analysis**
Hello Traders,
Gold experienced a surge, reaching 2605 before reversing its direction. Investors anticipated a decline below 2700$. However, the price rebounded to 2743$, filling the volume gap and subsequently dropping to 2715$, which marked the last low. Despite this, the price failed to establish another lower low. Subsequently, it fluctuated within the vicinity before exhibiting a shift in price character.
The upcoming chart analysis indicates an exceptionally bullish outlook. Price has the potential to create another higher high, supported by robust fundamentals and technical indicators signaling a strong bullish sentiment. Traders with open buy positions may consider holding them.
Best of luck and trade safely.
Hello Traders,
Gold experienced a surge, reaching 2605 before reversing its direction. Investors anticipated a decline below 2700$. However, the price rebounded to 2743$, filling the volume gap and subsequently dropping to 2715$, which marked the last low. Despite this, the price failed to establish another lower low. Subsequently, it fluctuated within the vicinity before exhibiting a shift in price character.
The upcoming chart analysis indicates an exceptionally bullish outlook. Price has the potential to create another higher high, supported by robust fundamentals and technical indicators signaling a strong bullish sentiment. Traders with open buy positions may consider holding them.
Best of luck and trade safely.
Trade active
The market opened with a sell-side gap on Monday, which does not invalidate our entry. Therefore, the current price is 400+ pips in our favor. I recommend closing half of the positions.
10+ Years of Experienced Team Based in the UK 🇬🇧
📌SMC+ICT based Signals|
📌84% Accuracy in Forex |87% Accuracy In Gold |
For Forex : t.me/Setupsfx_bot
For Gold: t.me/Setupsfx_Gold_Bot
📌SMC+ICT based Signals|
📌84% Accuracy in Forex |87% Accuracy In Gold |
For Forex : t.me/Setupsfx_bot
For Gold: t.me/Setupsfx_Gold_Bot
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.
10+ Years of Experienced Team Based in the UK 🇬🇧
📌SMC+ICT based Signals|
📌84% Accuracy in Forex |87% Accuracy In Gold |
For Forex : t.me/Setupsfx_bot
For Gold: t.me/Setupsfx_Gold_Bot
📌SMC+ICT based Signals|
📌84% Accuracy in Forex |87% Accuracy In Gold |
For Forex : t.me/Setupsfx_bot
For Gold: t.me/Setupsfx_Gold_Bot
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.