Gold Technical Analysis (XAU/USD) M30
Gold Technical Analysis (XAU/USD)
In previous analyses, two scenarios (Plan A and B) were presented for the gold market. After the occurrence of Plan A, we are now witnessing the realization of Plan B.
In this analysis, the current market conditions and key levels will be reviewed.
Analysis:
Currently, the price of gold is at $2,622.035. A break of the $2,622.8 level could confirm the continuation of the upward trend. If the upward movement continues, the next important resistance levels are $2,635 and $2,645, where reactions at these levels may occur. Ultimately, the final target is at $2,656.6.
Key Levels:
1. Resistance Level at $2,635: This level could act as a significant resistance that may reverse the price direction.
2. Level at $2,645: Price reactions at this level could indicate the strength or weakness of the upward trend.
3. Final Target: $2,656.6: If the upward trend continues, this appears to be the final target.
Conclusion:
If the $2,612.75 level is broken, the current analysis will be invalidated, and the price will likely reach lower levels. However, given the bullish sentiment and the break of the $2,622.8 level, the upward trend is expected to continue. Therefore, it is crucial to monitor key levels and price reactions in these ranges closely.
High-precision analyses, astonishing results!
Note: This analysis is based solely on available data and technical analysis and should not be considered as financial or investment advice. Investing in financial markets carries risks and may result in the loss of capital. Please consult with qualified financial advisors before making any investment decisions.
This is the final gold analysis for 2024.
I wish you a New Year full of success, health, and happiness.
In previous analyses, two scenarios (Plan A and B) were presented for the gold market. After the occurrence of Plan A, we are now witnessing the realization of Plan B.
In this analysis, the current market conditions and key levels will be reviewed.
Analysis:
Currently, the price of gold is at $2,622.035. A break of the $2,622.8 level could confirm the continuation of the upward trend. If the upward movement continues, the next important resistance levels are $2,635 and $2,645, where reactions at these levels may occur. Ultimately, the final target is at $2,656.6.
Key Levels:
1. Resistance Level at $2,635: This level could act as a significant resistance that may reverse the price direction.
2. Level at $2,645: Price reactions at this level could indicate the strength or weakness of the upward trend.
3. Final Target: $2,656.6: If the upward trend continues, this appears to be the final target.
Conclusion:
If the $2,612.75 level is broken, the current analysis will be invalidated, and the price will likely reach lower levels. However, given the bullish sentiment and the break of the $2,622.8 level, the upward trend is expected to continue. Therefore, it is crucial to monitor key levels and price reactions in these ranges closely.
High-precision analyses, astonishing results!
Note: This analysis is based solely on available data and technical analysis and should not be considered as financial or investment advice. Investing in financial markets carries risks and may result in the loss of capital. Please consult with qualified financial advisors before making any investment decisions.
This is the final gold analysis for 2024.
I wish you a New Year full of success, health, and happiness.
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