#GOLD/GROWTH FOR THIS WEEK!
Updated
Hi guys❤️
👉GOLD can continue its growth this week as long as it is above the support of 2395.002 in the 4-hour time-frame.
🔰The next GOLD growth targets:
Target 1: 2433.651
Target 2: 2440.839
Target 3: 2470.117
🔰The best levels to buy in case of a temporary DROP:
Support level 1: 2406.917
Support level 2: 2395.002
🔰Do you agree with my opinion about the next move of GOLD?
👉GOLD can continue its growth this week as long as it is above the support of 2395.002 in the 4-hour time-frame.
🔰The next GOLD growth targets:
Target 1: 2433.651
Target 2: 2440.839
Target 3: 2470.117
🔰The best levels to buy in case of a temporary DROP:
Support level 1: 2406.917
Support level 2: 2395.002
🔰Do you agree with my opinion about the next move of GOLD?
Trade closed: target reached
The first target was achieved✅Note
The second target was achieved✅Note
The final target was hit✅🎯Note
🔄#GOLD analysis update - July 18⏳Based on the 15m time-frame:
🔰After a significant period of growth and achieving its targets,(GOLD) has formed a double top pattern. By breaking the neckline of this pattern, it has confirmed the initial drop.
🔰Subsequently, it experienced gradual growth in the form of a bullish channel but eventually broke downward from this channel. This serves as secondary confirmation for the upcoming drop. Therefore, the next move is expected to be a fall.
🔰In the short term, we can identify the following price targets:
Target 1: 2445.640
Target 2: 2432.511
🔰Keep an eye on the bearish trendline from the last drop in the 5-minute timeframe. If this trendline is broken, the bearish scenario would be invalidated.
Trade closed: stop reached
❌STOP-LOSS OF the drop scenario was activated. (related to the July 18 update)
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