GOLD → We will have a correction, before the next high.
This analysis considers both fundamental data and technical analysis, providing a balance between risk and reward.
The previous Target was successfully reached, and the H4 candle, if it does not break the LTA, can be sold looking for 2400 if, when touching this level, the volume is looking for 2395.95 and after that we will probably have a correction, in PVSRA we have a H4 support awaiting a small correction, which may help us see the next momentum point.
- US inflation: Lower-than-expected data is driving the rally in precious metals, especially gold, due to expectations of a round of tax cuts by the Fed in September.
- Asian Demand: Demand for gold in Asia, especially China, is strong, with an increase in net positions in SHFE and an increase in gold ETFs.
- LTA (Uptrend Line): The H4 candle respects the LTA, marking the third touch, a significant technical indication of support.
What do you think?
The previous Target was successfully reached, and the H4 candle, if it does not break the LTA, can be sold looking for 2400 if, when touching this level, the volume is looking for 2395.95 and after that we will probably have a correction, in PVSRA we have a H4 support awaiting a small correction, which may help us see the next momentum point.
- US inflation: Lower-than-expected data is driving the rally in precious metals, especially gold, due to expectations of a round of tax cuts by the Fed in September.
- Asian Demand: Demand for gold in Asia, especially China, is strong, with an increase in net positions in SHFE and an increase in gold ETFs.
- LTA (Uptrend Line): The H4 candle respects the LTA, marking the third touch, a significant technical indication of support.
What do you think?
Trade chiuso: obiettivo raggiunto
According to the prediction, the TP was reached, the price sought 2400, now it can seek 2395 or retrace from this zone, the correct thing is to wait for the next movement to make a better decision.
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.
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.