GOLD 4H CHART ANAYLSIS / BULLISH OR BEARISH? READ CAPTION PLZ

7 feb

4H Gold Analysis – 7th Feb 2024
Dear Traders,

Today's market movement aligns with our strategy of buying dips. Here's a summary of key insights:

Previous Chart Review (5th Feb)
* Target 1 (2850.15) ✅ – Successfully hit
* Target 2 (2876.95) ✅ – Successfully hit
* Target 3 (2903.76) – Pending
Key Resistance Levels Activated: 2850, 2876
Goldturn Levels Hit: 2852, 2828

What is next for Gold? Bullish or Bearish?
* Price Action Expectation: Movement between Goldturn levels with EMA5 confirmation for trend direction.
* Strategy: Monitor EMA5 crosses for trade entries.

Bearish Case
* If EMA5 stays below 2850, expect a retest of Goldturn levels.
* Scenario 1: Below 2823, likely drop to 2803.
* Scenario 2: Below 2803, expect 2776.
* Scenario 3: Below 2776, target 2747 (major demand zone).

Bullish Case
* Scenario 1: Above 2852, target 2876 ✅ DONE
* Scenario 2: Above 2876, target 2903.
* Scenario 3: Above 2903, target 2925.85.

Trading Strategy
Short-Term:

Use 1H/4H timeframes for pullbacks at Goldturn levels.
Target 30-40 pips per trade for optimized risk management.
Long-Term:

Maintain a bullish bias, viewing pullbacks as buying opportunities.
Avoid chasing tops; buy dips from key levels for better trade positioning.

Trade with confidence and discipline. Stay updated with our daily insights to stay ahead.

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📉💰 The Quantum Trading Mastery

7 feb

Trade attivo

4H Time Frame Update – End of the Week 🔥 GOLD ATH UPDATE
Another strong week, hitting targets and making all-time highs (ATH) after the NFP news.

Key Market Highlights:
✅ Gold reached a new ATH, confirming our analysis.
✅ EMA5 reaction dictated the movement, aligning with our projections.

Review of Our Analysis:
* Bullish Case: We stated, "If EMA5 holds above 2850, it will attempt to hit TP2 (2876) again."
* Result: Gold successfully reached 2876 but failed to break and hold above it, preventing TP3 (2903) from being achieved due EMA5 reaction.
* GOLDTURN levels are activated below. Price can hit any of the gold turn level and bounced back bullish. Focus with care

Looking Ahead:
The price rejected and reversed from the resistance level, leaving uncertainty for the next move.
We'll provide a detailed multi-timeframe analysis on Monday morning to prepare for the coming week.
📉 Stay tuned for updates! Have a great weekend!

💰 The Quantum Trading Mastery