GOLD/ grows with one of these two scenarios

Jul 9, 2024

The priority is to grow gold!!

The first scenario: support on the BULLISH trend-LINE of the 4-hour time-frame and further breaking the key resistance of 2367.730

The second scenario: falling to the support range of 2342.495-2333.778 and making a LOW on this range and starting to grow

Growth targets:
Target 1: 2416.855
Target 2: 2434.733-2442.090

Bullish Scenario SL: Breakout of 2333.778 support on the daily time-frame

Which scenario do you think will happen? 1 or 2 ?!

Jul 10, 2024

Trade active

Jul 11, 2024

Note

#GOLD analysis update (time-frame: 15 minutes):
1-GOLD as long as above the uptrend of the 5-minute time-frame (shown in the figure)
2-And also the key support of 2373.710 related to the 15 minute time-frame
contract:
It tends to grow towards the following targets:
Target 1: 2397.290
Target 2: 2416.855
Target 3: 2434.733-2442.090

And as for the SL of the growth scenario, the key support break is 2373.710 in the 15-minute time-frame

In this case, the drop to the targets:
Target 1: 2360.710
Target 2: 2350.095
Target 3: 2342.495
It happens!!

Jul 11, 2024

Note

The first target was achieved according to my last update!!

As I mentioned, #GOLD experienced a Sharpie rally based on a "cup" pattern.
Note: where there is a strong upward trend, a cup is formed instead of an ascending triangle
Chart time-frame: 15 minutes

Jul 11, 2024

Trade closed: target reached