20 Reason for buy Gold right now

٢٠ ديسمبر ٢٠٢٢

🔆MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW☀️
1 ✨Eagle eye: Super bullish
2 📆Monthly: the current trend is bear, but the market is in the corrective phase right now
3 📅Weekly: formed an inducement right now market in their sideways phase
4 🕛Daily: A clean bull trend with the proper formation and previous supports

😇7 Dimension analysis
🟢 analysis time frame: Daily
5: 1 Price Structure: bullish
6: 2 Pattern Candle Chart: elite correction wave
7: 3 Volume: bullish control
8: 4 Momentum UNCONVENTIONAL Rsi: sideways, yet we just need close above 60; then next move will confirm
9: 5 Volatility measure Bollinger bands: middle band support on the bullish side
10: 6 Strength ADX: bull are in strength
11: 7 Sentiment ROC: gold is stronger then USD

✔️ Entry Time Frame: h4
12: Entry TF Structure: bullish
13: entry move: impulse
14: Support resistance base: 2 times supported at daily OB
15: FIB: trigger event occurred

☑️ final comments: FVG filled out so we can buy now
16: 💡decision: buy
17: 🚀Entry:1801
18: ✋Stop losel: 1783
19: 🎯Take profit:1900
20: 😊Risk to reward Ratio: 1:5
🕛 Excepted Duration : 3 months



there are many other reason also