Hello
I hope you have used the previous analyzes correctly and have benefited.
The price went according to the previous analysis and tp1 was hit.
Today we examine gold in 3 time frames.
The price on the 1h and 4h time frame is caught in a small triangle that includes the 1735 support and the bearish trendline. If it is broken from above, we can reach 1753, and if it is broken from below, we can see 1722.
But in the daily time frame, the price has recorded a positive reverse hammer after several negative candles. So everything depends on the next daily candle, if it is positive, the price will reach 1780, and if it is negative, the downward trend will continue.
Very important point: Today, fundamentals may affect the price, so either do not trade or trade with the least possible risk.
I hope you have used the previous analyzes correctly and have benefited.
The price went according to the previous analysis and tp1 was hit.
Today we examine gold in 3 time frames.
The price on the 1h and 4h time frame is caught in a small triangle that includes the 1735 support and the bearish trendline. If it is broken from above, we can reach 1753, and if it is broken from below, we can see 1722.
But in the daily time frame, the price has recorded a positive reverse hammer after several negative candles. So everything depends on the next daily candle, if it is positive, the price will reach 1780, and if it is negative, the downward trend will continue.
Very important point: Today, fundamentals may affect the price, so either do not trade or trade with the least possible risk.
Comment:
Trade closed: target reached:
tp hit! enjoy the +130pips proft.
