There are many option that gold will move but pin point that need to look is
1. 2393 price area
Situation 1: Continue to make double top (2415-2435) before pullback to 23xx area price
Situation 2: Continue to 24xx price area and break ATH to create one more ATH price for gold this year... fyi gold this year we already have breakout ATH at 20xx - 21xx area price on Q1 2024
2. 2350 price area
Situation 1: price will break 2050 price and continue to the 2326 area before temporary pullback and falling down again
Situation 2: Continue break price and moving to Weekly low (2291) before pullback and falling down again on next week.
1. 2393 price area
Situation 1: Continue to make double top (2415-2435) before pullback to 23xx area price
Situation 2: Continue to 24xx price area and break ATH to create one more ATH price for gold this year... fyi gold this year we already have breakout ATH at 20xx - 21xx area price on Q1 2024
2. 2350 price area
Situation 1: price will break 2050 price and continue to the 2326 area before temporary pullback and falling down again
Situation 2: Continue break price and moving to Weekly low (2291) before pullback and falling down again on next week.
Note
My prediction if situation 1(2) happen maybe new ATH will be 25xx-27xx price area for ceiling area but for floor area maybe on 21xx-20xx before sharply pullback to create new ATH... pov: All time high (ATH) was create to break not to keep
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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.