Hello Traders
Are you ready for the next week?!
here is my understanding and analysis for the next week:
📊 Technical Summary
Current Price: ~$3,201.78
Recent Trend: Short-term downtrend after reaching a peak (~$3,500).
Candle Pattern: A small-bodied candle near the bottom suggests indecision or potential short-term support.
Support Zone: Around $3,160–$3,120, already tested last week.
Resistance Zone: Around $3,280–$3,320, which aligns with recent highs before the pullback.
✅ Bullish Case (Short-Term Rebound Likely If):
Price holds above $3,165.
Daily/4Hr closes above $3,240, leading to a retest of $3,280–$3,320.
Candles form a bullish engulfing — keep an eye on Monday/Tuesday sessions.
❌ Bearish Case (Further Drop If):
Daily/4Hr closes below $3,165, targeting $3,120–$3,080 next. Break below $3,080 would open the path toward $3,035.
🧠 Careful:
Use lower timeframes (H1/H4) early next week to:
Confirm direction (e.g. bullish reversal patterns)
Spot liquidity grabs or false breaks around $3,165
The price and notes are written on the chart. TP= Target Point
Good Luck!
GOLD https://www.tradingview.com/x/5dnrp0O3/
Are you ready for the next week?!
here is my understanding and analysis for the next week:
📊 Technical Summary
Current Price: ~$3,201.78
Recent Trend: Short-term downtrend after reaching a peak (~$3,500).
Candle Pattern: A small-bodied candle near the bottom suggests indecision or potential short-term support.
Support Zone: Around $3,160–$3,120, already tested last week.
Resistance Zone: Around $3,280–$3,320, which aligns with recent highs before the pullback.
✅ Bullish Case (Short-Term Rebound Likely If):
Price holds above $3,165.
Daily/4Hr closes above $3,240, leading to a retest of $3,280–$3,320.
Candles form a bullish engulfing — keep an eye on Monday/Tuesday sessions.
❌ Bearish Case (Further Drop If):
Daily/4Hr closes below $3,165, targeting $3,120–$3,080 next. Break below $3,080 would open the path toward $3,035.
🧠 Careful:
Use lower timeframes (H1/H4) early next week to:
Confirm direction (e.g. bullish reversal patterns)
Spot liquidity grabs or false breaks around $3,165
The price and notes are written on the chart. TP= Target Point
Good Luck!
GOLD https://www.tradingview.com/x/5dnrp0O3/Trade closed: target reached
Hello Everyone as expected after Candle closure above 3,240 both Target point reached 3,280 and 3,320.
Congrats for those who took the opportunity.
I will keep you updated with the next publication to analyze Gold's move for next week!!
Regards
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.