GOLD - BULLISH TENDENCY

Diupdate
Gold prices achieved clear increases during the first sessions of the week on Monday, continuing its upward path for the third session in a row as a result of the escalation of geopolitical tensions in various parts of the world, which pushed gold to record its highest level in 5 consecutive sessions.

In this regard, gold found strong support from its role as a safe haven in times of turmoil and various geopolitical and political tensions, as the escalation of tensions in the Middle East region and the escalation of the conflict in recent days contributed to enhancing demand for gold as one of the most famous safe assets.

Uptrend Side: As previously discussed, as long as the price remains above 2420, it is likely to aim for 2430, and if it surpasses that level, it could potentially reach 2453. Currently, the price has closed the daily candle above 2420 and has also crossed 2430, continuing its movement toward 2453, and above it will touch 2468.

Downtrend Side: The downtrend side will play its scenario when the price faces a strong reversal for any reason until under 2431, especially under 2420, touches 2390.

Correction: As a correction, it will fall before rising, maybe until the support of 2431.

Tendency Keys: 2431
Trading ditutup: target tercapai
The gold price has risen and stabilized above 2453, as confirmed by the closing of the 4-hour candle. Currently, the price is likely to attempt to reach the resistance level of 2468.
Chart PatternsHarmonic PatternsTrend Analysis

about 4 Analysis per day.
With Clear entry point and target line with stopout zone
~900 pips per week —— Accuracy more than 88%

with best learning

Be Stronger With us
THANKS for your support
Juga di:

Pernyataan Penyangkalan