By analyzing the gold chart on the 4-hour timeframe, we can see that today, price once again dipped into our key demand zone (Bullish Rejection Block) between $3245 and $3262, where it faced strong buying pressure and rallied up to $3296.
Currently, gold is trading around $3281, and as long as price holds above $3273, we expect further upside. The next potential targets are $3294, $3300, and $3309.
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Currently, gold is trading around $3281, and as long as price holds above $3273, we expect further upside. The next potential targets are $3294, $3300, and $3309.
🎥 If you enjoyed this video analysis and found it helpful, please show your support with a LIKE and COMMENT below!
These video-style breakdowns take time and effort, and I’ll only continue them with your support 🙌
Your engagement is my biggest motivation to keep going 💛
Thanks for being part of the journey!
Trade closed: target reached
By analyzing the gold chart on the 4-hour timeframe, we can see that since yesterday, price moved exactly as expected, hitting all three targets — $3294, $3300, and $3309 — and even extended the rally up to $3358!In the past two days, gold has gained over 1000 pips. As seen now, after sweeping liquidity above $3352, price started a correction and is currently trading around $3344. We now need to wait for price stabilization to determine whether the next move is toward $3400, or if gold will face a strong rejection from this level. Stay tuned for the next update — possibly in video format!
Hope you’ve enjoyed this analysis and made the most of it! 😄
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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.