#GOLD'S CRITICAL DAY: BULLISH OR BEARISH?!
👉"Today's (August 12) daily candle is very decisive.
⭐If it closes above the price of 2416.500, the conditions for continued growth will be smoothed.
🎯In this case, #GOLD can grow in the form of a triangle pattern, up to the upper arm equivalent to the price of 2471.950-2478.000.
🎯The next growth targets are 2512.650 and 2581.750.
⭐If there is a decline, it is currently temporary. And support 2416.500-2418.150 can stop the decline and we will continue to grow.
❌Stop-loss for growth scenario:
Based on the daily timeframe, the tendency to grow will only change to decline if GOLD can stabilize below the lower arm of the triangle pattern.
⭐More details about the next move of GOLD, in the 4-hour timeframe (figure below)."
.....................................
👉"On the 4-hour timeframe, we have a decisive structure: an bullish channel.
⭐As long as we are within this bullish channel, there is a tendency to grow towards the targets I mentioned above.
⭐If the bullish channel breaks downward, we will enter a bear-trend.
🎯bearish trend targets if the growth scenario's stop-loss is activated and we enter a bear-trend:
Target 1: 2377.478
Target 2: 2323.692
Target 3: 2287.228"
⭐If it closes above the price of 2416.500, the conditions for continued growth will be smoothed.
🎯In this case, #GOLD can grow in the form of a triangle pattern, up to the upper arm equivalent to the price of 2471.950-2478.000.
🎯The next growth targets are 2512.650 and 2581.750.
⭐If there is a decline, it is currently temporary. And support 2416.500-2418.150 can stop the decline and we will continue to grow.
❌Stop-loss for growth scenario:
Based on the daily timeframe, the tendency to grow will only change to decline if GOLD can stabilize below the lower arm of the triangle pattern.
⭐More details about the next move of GOLD, in the 4-hour timeframe (figure below)."
.....................................
👉"On the 4-hour timeframe, we have a decisive structure: an bullish channel.
⭐As long as we are within this bullish channel, there is a tendency to grow towards the targets I mentioned above.
⭐If the bullish channel breaks downward, we will enter a bear-trend.
🎯bearish trend targets if the growth scenario's stop-loss is activated and we enter a bear-trend:
Target 1: 2377.478
Target 2: 2323.692
Target 3: 2287.228"
Note
🔄#GOLD analysis update - August 13
✅According to the #GOLD prediction, it grew and reached its first target.
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