ello to all traders. 😎😎
I hope all your deals will hit their targets. 🎉🎉
In my opinion, gold is currently moving within an ending pattern with a slight upward slope. This type of pattern is typically a reversal formation, and I believe it could lead to a drop in gold prices.
At the moment, I think gold might revisit the $3390–$3400 zone, and from there, we could see a deeper decline—first toward the bottom of the ending pattern at $3370, and if the pattern breaks, possibly down to $3340 or even lower.
However, if gold breaks above the $3400 level with strength, this analysis would be invalidated, and we could then expect a move toward the $3440 area.
⚠️⚠️⚠️⚠️Don’t forget to apply proper risk management!
What Do You Think?
Which scenario do you think is happen? **Share your thoughts!** ⬇️
Don't forget that this is just an analysis to give you an idea and trade with your own strategy. And don't forget the stop loss🛑🛑🛑
❤️❤️❤️The only friend you have in financial markets is your stop loss❤️❤️❤️
Please support me with your ✅' like'✅ and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me 🙏😊
Be Happy , Ali Jamali
I hope all your deals will hit their targets. 🎉🎉
In my opinion, gold is currently moving within an ending pattern with a slight upward slope. This type of pattern is typically a reversal formation, and I believe it could lead to a drop in gold prices.
At the moment, I think gold might revisit the $3390–$3400 zone, and from there, we could see a deeper decline—first toward the bottom of the ending pattern at $3370, and if the pattern breaks, possibly down to $3340 or even lower.
However, if gold breaks above the $3400 level with strength, this analysis would be invalidated, and we could then expect a move toward the $3440 area.
⚠️⚠️⚠️⚠️Don’t forget to apply proper risk management!
What Do You Think?
Which scenario do you think is happen? **Share your thoughts!** ⬇️
Don't forget that this is just an analysis to give you an idea and trade with your own strategy. And don't forget the stop loss🛑🛑🛑
❤️❤️❤️The only friend you have in financial markets is your stop loss❤️❤️❤️
Please support me with your ✅' like'✅ and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me 🙏😊
Be Happy , Ali Jamali
Trade active
If gold cannot consolidate above the $3,405 to $3,410 range, which it has not been able to do so far, I think we will see a heavy drop today.If you haven't entered a short position yet, you can enter within the current range.
Note
I hope you have entered the trade and taken advantage. Make your trade risk free now. You can close 70% of the trade right here and wait for the remaining 30% to reach $3340.Trade closed: target reached
Congratulations. The target is complete. I hope you used it and made a good profit.Please like and follow for future analysis.
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 !
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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.