Gold/XAUUSD PURE Tec- where EXACTLY to BUY
🔰 Pair Name : XAU/USD
🔰 Time Frame : 4H
🔰 Scale Type : MID Scale
🔰 Direction : SELL THEN BUY
Following up on our previous discussion regarding #Gold, we intend to explore the technical aspects surrounding this commodity. We observe the presence of substantial daily, 4-hour, and 1-hour demand zones ahead, indicating potential support levels. Furthermore, there is a noteworthy weekly market imbalance at the 50% level that appears likely to be filled. Additionally, we have identified a bullish crab pattern, with the completion of CD legs on the horizon, further supporting a positive outlook.
Moreover, in light of the recent release of the US GDP News ahead, we have identified a potential entry point for buying #Gold. Considering the interplay between fundamental factors and technical analysis, we believe this presents an opportune moment to consider entering the market.
Should you require any clarification or have any inquiries, please feel free to leave your comments, and we will gladly provide further explanations.
🔰 Time Frame : 4H
🔰 Scale Type : MID Scale
🔰 Direction : SELL THEN BUY
Following up on our previous discussion regarding #Gold, we intend to explore the technical aspects surrounding this commodity. We observe the presence of substantial daily, 4-hour, and 1-hour demand zones ahead, indicating potential support levels. Furthermore, there is a noteworthy weekly market imbalance at the 50% level that appears likely to be filled. Additionally, we have identified a bullish crab pattern, with the completion of CD legs on the horizon, further supporting a positive outlook.
Moreover, in light of the recent release of the US GDP News ahead, we have identified a potential entry point for buying #Gold. Considering the interplay between fundamental factors and technical analysis, we believe this presents an opportune moment to consider entering the market.
Should you require any clarification or have any inquiries, please feel free to leave your comments, and we will gladly provide further explanations.
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Here we go again!Trade closed: target reached
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