By analyzing the gold chart on the 2-hour timeframe, we can see that yesterday, as expected, gold surged above $3400, reaching as high as $3439 before facing strong selling pressure, dropping sharply to $3359.
Currently, gold is trading around $3385, and if the price can hold above $3366, we may expect further bullish momentum. I believe gold is setting up for another move above $3400, potentially aiming to break into new highs once again.
THE LATEST ANALYSIS :
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Currently, gold is trading around $3385, and if the price can hold above $3366, we may expect further bullish momentum. I believe gold is setting up for another move above $3400, potentially aiming to break into new highs once again.
THE LATEST ANALYSIS :
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Analyzing the gold chart on the 2-hour timeframe, we observe that after stabilizing above $3366 yesterday, the price managed to rally up to $3414, partially filling the FVG marked on the chart. Following that, gold experienced another drop from $3414 to $3319. Upon reaching the demand zone identified on the chart, it encountered fresh buying interest and is currently trading around the $3350 level. If the price manages to hold above this demand zone, I expect further upside movement. The next potential bullish targets are $3355, $3373, and $3395. So far, this analysis has yielded a return of over 1400 pips. (Will be updated)Trade closed: target reached
By analyzing the gold chart on the 2-hour timeframe, we can see that the price started rising yesterday just as expected, hitting the first target at $3355 and nearly reaching the second target around $3370 before entering another corrective phase.This analysis has yielded nearly 200 pips so far. Considering the price pulled back to $3274 and then climbed again to $3340, I believe that if gold stabilizes below $3340, we might see further downside.
The first potential bearish target lies in the $3312–$3316 zone.
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Join me for more Free Signals and New Analyzes In the Public Channel :
⚜️ Free Telegram Channel : t.me/PriceAction_ICT
⚜️ Contact Me : t.me/ArmanShabanTrading
⚜️ Free Telegram Channel : t.me/PriceAction_ICT
⚜️ Contact Me : t.me/ArmanShabanTrading
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.