XAU/USD | Gold Breaks $4500 , Get Ready for $4600! (READ THE TA)
By analyzing the #Gold chart on the 4H timeframe, we can see that price moved exactly as expected. Gold pushed into the $4440 to $4444 zone, faced selling pressure there, but only corrected to $4412 before strong demand stepped in again. Yesterday, gold rallied sharply and printed a new ATH at $4497.
After that move, price corrected again to $4430, but demand was so strong that the entire drop was recovered within four hours. Gold then broke above $4500 and is now trading around $4525, marking another new ATH.
At the moment, I do not see a clear reason for a heavy correction. From a mid-term view, I consider $4330 as a key price floor. The main demand zones to watch are $4330 to $4350, $4406 to $4419, and $4484 to $4500. As long as gold holds above $4500, my short-term upside targets are $4550, $4575, and $4600.
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
After that move, price corrected again to $4430, but demand was so strong that the entire drop was recovered within four hours. Gold then broke above $4500 and is now trading around $4525, marking another new ATH.
At the moment, I do not see a clear reason for a heavy correction. From a mid-term view, I consider $4330 as a key price floor. The main demand zones to watch are $4330 to $4350, $4406 to $4419, and $4484 to $4500. As long as gold holds above $4500, my short-term upside targets are $4550, $4575, and $4600.
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
İşlem aktif
By analyzing the #Gold chart on the 4H timeframe, we can see that after rising to $4525, price corrected and dropped to $4471. After that drop, strong demand stepped in again and gold is now trading around $4488.If price can stabilize above $4479, I expect further upside in gold. Based on the main analysis, the next upside targets are $4499, $4525, $4550, and $4575. This analysis will be updated.
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İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.