GOLD - Look Like Bull
Updated
The gold price is currently trading within a strong zone, situated between 2327 and 2335.
Thus, we have two potential scenarios:
First, if the price manages to break through the 2335 level by closing a 4-hour candle above this threshold, it will confirm a bullish trend. This could lead to further price increases, potentially reaching 2344 and beyond.
Second, if the price reverses and stabilizes below the 2327 level, it will likely indicate the onset of a bearish trend. In this scenario, the price is expected to decline, potentially reaching as low as 2303.
Thus, we have two potential scenarios:
First, if the price manages to break through the 2335 level by closing a 4-hour candle above this threshold, it will confirm a bullish trend. This could lead to further price increases, potentially reaching 2344 and beyond.
Second, if the price reverses and stabilizes below the 2327 level, it will likely indicate the onset of a bearish trend. In this scenario, the price is expected to decline, potentially reaching as low as 2303.
Trade closed: target reached
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With Clear entry point and target line with stopout zone
~900 pips per week —— Accuracy more than 88%
with best learning
Be Stronger With us
THANKS for your support
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