XAU#6: Gold breaks resistance. Where to take profit???
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In XAU#5: Gold's uptrend has gone as analyzed. So the question beginners often ask is how far will gold go? Where is it reasonable to take profit? Today I will answer for you:
1️⃣ **Fundamental analysis:**
📊 The three main aspects of Trump's policies in recent times: trade policy, tax cuts and spending, and international relations management are causing concern in global financial markets about an uncertain future in the near future.
🚀Currently, global financial market sentiment is experiencing significant fluctuations. So risky assets like gold are well supported.
2️⃣ **Technical analysis:**
🔹 **Frame D:** The uptrend is continuing to be strengthened. Yesterday ended with breaking through the important resistance zone that had not been overcome twice before
🔹 **Frame H4:** The uptrend is still continuing, showing that market sentiment is the main driving force for gold's increase.
🔹 **Frame H1:** The uptrend structure is still continuing with no signs of reversal.
3️⃣ **Trading plan:**
⛔ At this time, it is absolutely not advisable to enter a SELL order. The price line is still going strong. The price will have slight corrections, but the opportunity and R:R ratio for this option are very low. Absolutely do not hold on to losses. The price line moves slowly and steadily to create a sense of hope for those who are still holding orders against the market.
✅The uptrend will continue for quite a long time to come. If you have a good position, you can rest assured to wait for a larger profit. If there are signs of adjustment, I will make a new plan for you.
🚀 To answer the questions at the beginning of the article: Based on the expansion of the price channel in the H1 time frame, we can see how far gold is likely to increase. I do not predict any specific numbers. I only believe in what the market and the price line show me.
TRADE WHAT YOU SEE NOT YOU THINK
💪 **Wish you successful trading! **
📌 For any questions, please contact directly. I'm ready to answer you for free
In XAU#5: Gold's uptrend has gone as analyzed. So the question beginners often ask is how far will gold go? Where is it reasonable to take profit? Today I will answer for you:
1️⃣ **Fundamental analysis:**
📊 The three main aspects of Trump's policies in recent times: trade policy, tax cuts and spending, and international relations management are causing concern in global financial markets about an uncertain future in the near future.
🚀Currently, global financial market sentiment is experiencing significant fluctuations. So risky assets like gold are well supported.
2️⃣ **Technical analysis:**
🔹 **Frame D:** The uptrend is continuing to be strengthened. Yesterday ended with breaking through the important resistance zone that had not been overcome twice before
🔹 **Frame H4:** The uptrend is still continuing, showing that market sentiment is the main driving force for gold's increase.
🔹 **Frame H1:** The uptrend structure is still continuing with no signs of reversal.
3️⃣ **Trading plan:**
⛔ At this time, it is absolutely not advisable to enter a SELL order. The price line is still going strong. The price will have slight corrections, but the opportunity and R:R ratio for this option are very low. Absolutely do not hold on to losses. The price line moves slowly and steadily to create a sense of hope for those who are still holding orders against the market.
✅The uptrend will continue for quite a long time to come. If you have a good position, you can rest assured to wait for a larger profit. If there are signs of adjustment, I will make a new plan for you.
🚀 To answer the questions at the beginning of the article: Based on the expansion of the price channel in the H1 time frame, we can see how far gold is likely to increase. I do not predict any specific numbers. I only believe in what the market and the price line show me.
TRADE WHAT YOU SEE NOT YOU THINK
💪 **Wish you successful trading! **
📌 For any questions, please contact directly. I'm ready to answer you for free
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