GOLD UPDATE ⟶ MAXIMUM GROWTH HIT – IS A DROP COMING?
Hey everyone! 👋
In my opinion, #GOLD has experienced a lot of growth and has already hit its weekly and monthly targets, so it might be due for a correction (drop) 📉. If it does continue to grow, it might only reach the second monthly target at 2811.140 before starting a drop.
**My short-term growth plan:**
Check out the chart on the left.
In the 15-minute time frame, and considering the recent gradual drop, #GOLD could start another growth if it breaks its daily resistance (2782.823) on the 15-minute time frame 📈.
This growth could continue to the following targets:
- **Target 1:** 2794.722 🎯
- **Target 2:** 2801.968 🎯
- **Target 3 (final):** 2811.140 🎯
**Stop-Loss for the growth scenario:**
Based on the 4-hour time frame - check the chart on the right.
Given the maximum growth #GOLD has experienced, if the price drops before confirming the growth condition in the 15-minute time-frame, and a cross occurs in the MACD indicator on the 4-hour time-frame (confirming a triple divergence), a drop will begin from this area without any further growth ❌.
This drop could be significant and, in the first step, could reach the following targets:
- **Target 1:** 2738.165 📉
- **Target 2:** 2688.395 📉
- **Target 3:** 2597.415 📉
In my opinion, #GOLD has experienced a lot of growth and has already hit its weekly and monthly targets, so it might be due for a correction (drop) 📉. If it does continue to grow, it might only reach the second monthly target at 2811.140 before starting a drop.
**My short-term growth plan:**
Check out the chart on the left.
In the 15-minute time frame, and considering the recent gradual drop, #GOLD could start another growth if it breaks its daily resistance (2782.823) on the 15-minute time frame 📈.
This growth could continue to the following targets:
- **Target 1:** 2794.722 🎯
- **Target 2:** 2801.968 🎯
- **Target 3 (final):** 2811.140 🎯
**Stop-Loss for the growth scenario:**
Based on the 4-hour time frame - check the chart on the right.
Given the maximum growth #GOLD has experienced, if the price drops before confirming the growth condition in the 15-minute time-frame, and a cross occurs in the MACD indicator on the 4-hour time-frame (confirming a triple divergence), a drop will begin from this area without any further growth ❌.
This drop could be significant and, in the first step, could reach the following targets:
- **Target 1:** 2738.165 📉
- **Target 2:** 2688.395 📉
- **Target 3:** 2597.415 📉
تم فتح الصفقة
How’s it going, everyone? 😊
When did I tell you that #GOLD would have a deep drop? 📉
Since then (price at 2777.000), gold has experienced about a 4% sharp drop and has hit Targets 1 and 2 of the analysis 🎯
Hope you made the most of this timely analysis 😉
أغلقت الصفقة: تم الوصول للهدف
Hey, how’s it going, guys?
Did you keep an eye on my last analysis of #GOLD?
It was spot on!
It dropped exactly as predicted and hit the full target. 🎯📉
Want to know if GOLD is going to drop further? 🤔📊
منشورات ذات صلة
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
منشورات ذات صلة
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.