Short-Term Technical Analysis For Gold-12/8/2024
Good morning everyone,Greetings, I am Mohammed Qais Abdulghani, a financial markets expert, bringing you the morning update on gold’s short-term technical movements for Wednesday, August 12, 2024.
Overview:
On the 15-minute timeframe, gold is attempting to regain control of its upward momentum. If the price successfully breaks through the $2,435 level with a confirmed breakout on the 15-minute chart, it will signal the beginning of gold's journey to regain its shine, targeting the levels of $2,450 and $2,470.
However, this optimistic and positive scenario for gold will be invalidated if the prices drop back below the $2,415 level.
Thank you for following this update. I wish you all the best and stay safe.
Best regards,Mohammed Qais Abdulghani
Overview:
On the 15-minute timeframe, gold is attempting to regain control of its upward momentum. If the price successfully breaks through the $2,435 level with a confirmed breakout on the 15-minute chart, it will signal the beginning of gold's journey to regain its shine, targeting the levels of $2,450 and $2,470.
However, this optimistic and positive scenario for gold will be invalidated if the prices drop back below the $2,415 level.
Thank you for following this update. I wish you all the best and stay safe.
Best regards,Mohammed Qais Abdulghani
يمكنك الاشتراك في عضوية نخبة المتداولين من خلال الرابط التالي :
youtube.com/channel/UCtIKbrKjyjjbFWwrw9sCKpQ/join
youtube.com/channel/UCtIKbrKjyjjbFWwrw9sCKpQ/join
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.