In-Depth Gold Analysis: Market Trends,Price Targets,Key Patterns
Hello everyone,
I would like to share my perspective on gold. Personally, I believe that gold will retest the 2405 to 2415 levels, and then it will start to decline to the first target of 2350, followed by the second target of 2320, and finally the third and final target of 2290.
Especially since gold has formed a high(2484) and a lower higher(2431), then broke below the low of the last high it formed(MSS).
It is now returning to test the FVG it left behind at the levels of 2405 to 2415.
Classically, it is trading within a channel inside another price channel, with its peak approximately at the 2407 level. I expect it to rise to this peak and break through it to draw liquidity up to 2415, and then decline to the levels I mentioned earlier. We can also observe the head and shoulders pattern that has formed, remaining stable below it, with a target of 2290.
I would like to share my perspective on gold. Personally, I believe that gold will retest the 2405 to 2415 levels, and then it will start to decline to the first target of 2350, followed by the second target of 2320, and finally the third and final target of 2290.
Especially since gold has formed a high(2484) and a lower higher(2431), then broke below the low of the last high it formed(MSS).
It is now returning to test the FVG it left behind at the levels of 2405 to 2415.
Classically, it is trading within a channel inside another price channel, with its peak approximately at the 2407 level. I expect it to rise to this peak and break through it to draw liquidity up to 2415, and then decline to the levels I mentioned earlier. We can also observe the head and shoulders pattern that has formed, remaining stable below it, with a target of 2290.
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