As we mentioned last week, gold was consolidating on the 4H time frame. After the breakout, all our projected targets were successfully achieved as of yesterday.
Currently, gold is forming a bullish flag pattern on the 4H chart — a continuation pattern that often signals the potential for further upside.
If gold sustains above the 3275–3280 zone, we may see renewed bullish momentum with the following potential targets:
Target 1: 3300
Target 2: 3340
Target 3: 3360
Target 4: 3400
⚠️ This is a technical analysis-based outlook. Traders are advised to manage their positions with proper risk-reward strategies and stay updated with market developments.
Currently, gold is forming a bullish flag pattern on the 4H chart — a continuation pattern that often signals the potential for further upside.
If gold sustains above the 3275–3280 zone, we may see renewed bullish momentum with the following potential targets:
Target 1: 3300
Target 2: 3340
Target 3: 3360
Target 4: 3400
⚠️ This is a technical analysis-based outlook. Traders are advised to manage their positions with proper risk-reward strategies and stay updated with market developments.
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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.