I'm analyzing a potential breakout pattern for gold on the 4-hour chart. Based on my analysis, I anticipate that gold will first experience a reversal to $2335. This level serves as a key support zone, and I believe that once this level is tested, we will see the beginning of a new uptrend. My target for this upward movement is $2411, where I expect significant resistance.
Key Points:
Reversal expected at $2335
Uptrend target: $2411
4-hour chart analysis
Key support and resistance levels identified
This setup offers a promising opportunity for traders to capitalize on the predicted movement. As always, ensure to manage risk effectively and adjust your strategy as market conditions evolve.
Key Points:
Reversal expected at $2335
Uptrend target: $2411
4-hour chart analysis
Key support and resistance levels identified
This setup offers a promising opportunity for traders to capitalize on the predicted movement. As always, ensure to manage risk effectively and adjust your strategy as market conditions evolve.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.