GOLD (BULLISH)
Generally, the direction is uptrend
Uptrend Side: The price has broken above the regression channel, signaling a bullish trend for today. If the 4-hour candle closes above this level, it confirms the breakout. Our immediate targets are 2701 and 2732.
Correction: The price may decline to move within the channel before initiating a potential rise.
Downtrend Side: Regarding the bearish trend, it appears that the price has closed a 1D candle within the channel. This development significantly increases the likelihood of a further bearish movement toward the 2,664 level.
Gold prices rose slightly during these moments of trading on Friday amid uncertainty over the policies of US President-elect Donald Trump, which boosted demand for the precious metal, while investors await the main jobs report to assess the path of interest rate cuts by the Federal Reserve.
Uptrend Side: The price has broken above the regression channel, signaling a bullish trend for today. If the 4-hour candle closes above this level, it confirms the breakout. Our immediate targets are 2701 and 2732.
Correction: The price may decline to move within the channel before initiating a potential rise.
Downtrend Side: Regarding the bearish trend, it appears that the price has closed a 1D candle within the channel. This development significantly increases the likelihood of a further bearish movement toward the 2,664 level.
Gold prices rose slightly during these moments of trading on Friday amid uncertainty over the policies of US President-elect Donald Trump, which boosted demand for the precious metal, while investors await the main jobs report to assess the path of interest rate cuts by the Federal Reserve.
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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
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