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The chart indicates an expectation of a short-term downward movement toward the $637 range, where buyers are likely to step in. The $637 to $620 zone is considered low-risk. The target profit is set at the $676 liquidity area; however, further growth beyond this level is anticipated, and the analysis will be updated accordingly. This analysis is brought to you by...
The chart is in a bearish phase on the daily timeframe. Given the price movement, support around the 29.140 level is not unexpected. With proper risk management, a buy position can be considered in this area. This analysis is based on price action, multi-timeframe analysis, and ICT (Inner Circle Trader) methodology. This analysis is brought to you by the FXonbit...
Hello, This is an analysis of Gold for the current week. This analysis is brought to you by the FXonbit Traders Team
Hello, This is an analysis of Gold for the current week. Considering the full-bodied nature of the daily candlestick, the likelihood of an upward movement is very high. Therefore, in the event of a price correction, the first support level ahead is at 2711.4. With proper risk management and a stop-loss in place, we can take a low-risk long position. This...