Daily gold analysis
Yesterday's analysis was a success. This is my daily analysis for the day following :
For those that did not see my post from yesterday, I explained that the "key zones" are usually where revearal could happen. The key zones for the 6th of September are as following :
2483-2486
2503-2506
2516-2519 [After Asia session]
2523-2526
Potential Price Movement: If gold reacts to these key zones, we might see a reversal leading to a bullish move [2526 / 2533 / 2542] or bearish move [2506 / 2498 / 2490 / 2483].
I will be posting updates, stay alert!
For those that did not see my post from yesterday, I explained that the "key zones" are usually where revearal could happen. The key zones for the 6th of September are as following :
2483-2486
2503-2506
2516-2519 [After Asia session]
2523-2526
Potential Price Movement: If gold reacts to these key zones, we might see a reversal leading to a bullish move [2526 / 2533 / 2542] or bearish move [2506 / 2498 / 2490 / 2483].
I will be posting updates, stay alert!
Note
Gold reached the key zone 2503-2506 and 2523-2526 for reversals. Note
As you can see, no candles closed over those zones, which perfectly aligns with my prediction of a reversal. The failure to close above these key levels signaled the weakening momentum, confirming my expectation of a reversal.
Note
So far my analysis was on point
Hope you all have a great weekend! See you Monday!
Note
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.