"Gold H4: Struggling Below ATH, Breakdown Towards 2864?"
In the previous analysis, we anticipated a bullish move from the identified zones, and the price surged approximately 300 pips, reaching near the ATH. However, the upward movement was slower than expected.
Although the possibility of a further rise toward the 3000 level and the upper boundary of the curved channel still exists, this scenario has significantly weakened.
Currently, a structure break in the 1-hour timeframe could trigger a sharp bearish move, potentially leading to the breakdown of the ascending channel in the 4-hour timeframe. In this case, the minimum correction target would be around 2864.
Although the possibility of a further rise toward the 3000 level and the upper boundary of the curved channel still exists, this scenario has significantly weakened.
Currently, a structure break in the 1-hour timeframe could trigger a sharp bearish move, potentially leading to the breakdown of the ascending channel in the 4-hour timeframe. In this case, the minimum correction target would be around 2864.
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.