🔰 Pair Name : XAU/USD
🔰 Time Frame : 4H/1H
🔰 Scale Type : MID Scale
🔰 Direction : SELL
In our comprehensive Gold roadmap analysis (refer to the associated post 📊🛤️), we have elucidated our fundamental perspective. Currently, our interest in acquiring gold on a significant scale remains subdued ❌📉.
From a strictly technical standpoint, notable developments have occurred 📈📊. The price has surpassed the 100% Fibonacci level, setting the stage for an imminent progression towards the 127% Fibonacci extension level ➡️📈. It is conceivable that today's price action will involve a retracement to rectify the prevailing imbalance ⚖️, subsequently steering the price trajectory downwards towards the 127% extension level, proximately situated around the 1800 area 📉💼.
📈🔍 #GoldAnalysis #TechnicalInsights #MarketUpdate 📉🔥
🔰 Time Frame : 4H/1H
🔰 Scale Type : MID Scale
🔰 Direction : SELL
In our comprehensive Gold roadmap analysis (refer to the associated post 📊🛤️), we have elucidated our fundamental perspective. Currently, our interest in acquiring gold on a significant scale remains subdued ❌📉.
From a strictly technical standpoint, notable developments have occurred 📈📊. The price has surpassed the 100% Fibonacci level, setting the stage for an imminent progression towards the 127% Fibonacci extension level ➡️📈. It is conceivable that today's price action will involve a retracement to rectify the prevailing imbalance ⚖️, subsequently steering the price trajectory downwards towards the 127% extension level, proximately situated around the 1800 area 📉💼.
📈🔍 #GoldAnalysis #TechnicalInsights #MarketUpdate 📉🔥
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