GOLD TREND-FOLLOWING, UNLESS

١٢ فبراير ٢٠٢٤

Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX

If you like the idea, do not forget to support with a like and follow.

GOLD QUICK UPDATE 📚

👉As we can see price is still overall bullish trading inside this rising channel, Meanwhile, price is approaching our rising trendline again, where we are interested in looking for new longs

👉Then what's next!?

Then as we are zooming into lower time frame, price is still bearish and for the bulls to kick in we need a break above the marked swing high, then a movement higher would be expected. 📚

👉Unless OfCourse, price managed to break below our marked last swing standing, then a movement lower would be expected, till the lower massive demand zone, where we will be looking again for new longs.


If you like this kind of analysis don't forget to like and follow

and as usual follow your trading plan and manage your risk.

Be patient and good luck!