GOLD H1 Analysis: Two Different Perspectives GOLD: Two Different Perspectives
Yesterday, I provided a broader time frame perspective on GOLD and detailed why it might move down again.
Given the market’s lack of clear direction, we should remain cautious as the price evolves.
This time, I am sharing my opinion on two possible scenarios, acknowledging that traders have different perspectives and the price is at a critical juncture.
Bearish Scenario:
The price is testing a strong zone near 2530 for the fourth time, as seen in the chart. If this zone holds, we could see GOLD moving down to 2504. A move below 2504 could push the price further down to 2483.
Bullish Scenario:
A move above 2530 today could push the price up to 2550, which might become the next resistance zone where we could see potential bearish momentum again.
However, I am more focused on the bearish move, as I have explained my opinion several times.
You may find more details in the chart!
Thank you and Good Luck!
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Xauusdh1
Xauusd H1 ( Update 1)🟢 Offer: Trading below the point 1995.00 with the first tick of 1957.00 and the second tick of 1946.00
🔴Alternative offer (in case of price trend change) When the price penetrates above 1995.00, the price first starts moving towards 2005.00 and 2020.00.
🟢 Our analysis will be provided to you on a daily basis at two times, one before the opening of the London market and the other before the opening of the New York market.
All content will be educational and not a signal to buy and sell, although you can use them in this direction as well.
In all the analyzes, we will try to teach you the principles of price action and patterns with the simplest methods, so that you can learn and execute these analyzes yourself step by step.
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🟡 Disclaimer: Not financial advice. For educational purposes only.
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Koppawinrate
Xauusd H1 ( Update 1)🟢 Offer: 1977.00 high buy point with first check tick 2002.00 and second check tick 2015.00
🔴Alternative offer (in case of price change) When the price penetrates below 1977.00, the price first starts moving towards 1961.00 and 1947.00.
🟢 Our analysis will be provided to you on a daily basis at two times, one before the opening of the London market and the other before the opening of the New York market.
All content will be educational and not a signal to buy and sell, although you can use them in this direction as well.
In all the analyzes, we will try to teach you the principles of price action and patterns with the simplest methods, so that you can learn and execute these analyzes yourself step by step.
🔵 You can encourage us more by following this page and sharing your comments
🟡 Disclaimer: Not financial advice. For educational purposes only.
Be profitable
Koppawinrate
Gold Cypher pattern, Pullback opportunity.Price is pulling back to the entry point for cypher which triggered late Friday before close. Seeing how strong price reacts to that zone in the past I am expecting the price to retest previous engulfing candle/ entry zone and move towards the Cypher TP zone in which we can look to follow the trend downwards for a short opportunity around the fib confluence or the Key zone.