Daily Analysis of Gold Ounce to USD – Issue 169
The analyst predicts that the price of gold ounces will decrease in the next 24 hours. This forecast is based on a quantitative analysis of recent price trends
Note
The specified take-profit level does not imply a prediction that the price will reach that point!
In this framework of analysis and trading, setting a stop-loss within a specified time range is mandatory, while setting a take-profit level is optional. Whether the price reaches the take-profit level or not is of no significance, as the results are calculated based on the start and end times. In other words, the take-profit level simply represents the maximum price fluctuation within the specified time frame, not a prediction of the price reaching that point.
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Related publications
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.