By analyzing the gold chart on the 4-hour timeframe, we can see that, as expected, price began to rise from the $3323 area and reached up to $3350. After this move, gold experienced a minor correction down to $3310, which aligns with a key demand zone.
Currently, gold is trading around $3322, and if price holds above $3313, we can expect another bullish move with $3333 as the first target and $3350 as the second.
This outlook will be invalidated if price closes below $3309.
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
Currently, gold is trading around $3322, and if price holds above $3313, we can expect another bullish move with $3333 as the first target and $3350 as the second.
This outlook will be invalidated if price closes below $3309.
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
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⚜️ Free Telegram Channel : t.me/PriceAction_ICT
⚜️ JOIN THE VIP : t.me/PriceAction_ICT/5946
⚜️ Contact Me : t.me/ArmanShabanTrading
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⚜️ JOIN THE VIP : t.me/PriceAction_ICT/5946
⚜️ Contact Me : t.me/ArmanShabanTrading
💥Join BitMart Exchange – Ultra Low Fees : bitmart.com/invite/c5JVJK/en-US
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.