Gold can go UP? Here's WHY?

2 days ago

XAUUSD Timeframes Visible:
1-hour (Top Left): Mid-term perspective.
3-minute (Top Right): Short-term trends and scalping opportunities.
5-minute (Bottom Left): Medium-short-term movements.
15-minute (Bottom Right): Broader intraday view.

Observations Across Timeframes:

1-hour Chart (Top Left):
The chart shows a prior uptrend, followed by a recent pullback.
A "Buy" signal is indicated near the current price level.
The pullback could suggest profit-taking before another move higher.

3-minute Chart (Top Right):
Prices show some consolidation after a slight downtrend.
"Buy" signals suggest that buyers are trying to regain control, but resistance is present near 2,670.

5-minute Chart (Bottom Left):
A similar story as the 3-minute chart: consolidation after a drop with some "Buy" signals at support levels.
Price is finding a base, suggesting potential for a bounce.

15-minute Chart (Bottom Right):
The broader trend shows a series of lower highs, but recent candles indicate the possibility of a slowing downtrend.
A "Buy" signal at the current level might act as a reversal point for short-term recovery.

Why Gold Could Go Up:

Support Levels:
Multiple timeframes (especially 5-minute and 15-minute) suggest gold is near or at a support zone.
The presence of "Buy" signals strengthens this idea.

Trend Reversal:
The 1-hour chart shows a potential for a continuation of the previous uptrend after the current pullback.
Buyers are re-entering the market at lower levels.

2 days ago

Note

All Analysis is according to our indicator that predicts on multiple timeframes that Gold can go up