Here's the (GOLD) analysis based on the 4-hour time frame

3 gen

Here's the analysis based on the 4-hour time frame GOLD

Analysis:
1. **Resistance Zone:**
- The price has approached a clear resistance zone (around 2660–2670) where sellers may step in. This zone has been tested before, making it significant.

2. **Bearish Price Action:**
- The recent candlesticks near resistance suggest hesitation, possibly indicating seller strength.
- If a bearish engulfing or similar rejection pattern forms, it may confirm a potential reversal.

3. **Moving Averages:**
- The moving averages (possibly EMA or SMA) show alignment below the current price, indicating a recent bullish move. However, a pullback to the moving averages is typical in such cases.

4. **Volume:**
- (Not visible on the chart) If volume is decreasing near the resistance zone, it strengthens the bearish bias.

Suggested Sell Targets:
1. **First Target (T1):** 2645
- Minor support zone and close to the first EMA.
2. **Second Target (T2):** 2621
- A previous support level and aligns with the middle of the range.
3. **Third Target (T3):** 2608
- Strong support zone; price could bounce from here.

Stop Loss:
- Place your stop loss slightly above the resistance zone, around **2675**, to avoid being stopped out by false breakouts.

Recommendation:
- Wait for confirmation via bearish candlestick patterns (like engulfing or pin bars) before entering.
- Watch the volume and any fundamental news that could impact gold.

3 gen

Trade attivo

Congratulations! The first target has been achieved.


Next Steps:
- **Adjust Stop Loss:** Move your stop loss to breakeven or slightly in profit (around 2650) to secure gains.
- **Focus on Target 2 (2621):** Watch price action as it approaches this level. If momentum remains bearish, hold for the next target.

what to Monitor:
- Price Behavior Near 2621:**
- If you see signs of rejection (e.g., long wicks or bullish patterns), consider taking partial profits.
- If the bearish momentum is strong, you can hold for the final target (2608).

6 gen

Trade chiuso: obiettivo raggiunto

Awesome! 🎉 Hitting the second target at 2621 is a solid win! You're crushing it.