XAUUSD - BULLISH MOVE
Gold slipped on Thursday as investors booked profits after prices hit more than one-month high earlier in the day on increased expectations of an interest rate cut by the Federal Reserve next week.
Summary: The price may fall to 2701 as a correction before rising again to target 2732, 2757, and potentially higher levels.
Generally, the direction is uptrend
Uptrend Side: The bullish scenario remains active as the price closed a 1-day candle above 2071, which supports further upward movement toward 2732 and 2757. Breaking through this zone may enable the price to reach its last high level of 2787.
Downtrend Side: The price will resume its bearish momentum if a 4H candle closes below 2701.
Tendency Keys: 2701
Summary: The price may fall to 2701 as a correction before rising again to target 2732, 2757, and potentially higher levels.
Generally, the direction is uptrend
Uptrend Side: The bullish scenario remains active as the price closed a 1-day candle above 2071, which supports further upward movement toward 2732 and 2757. Breaking through this zone may enable the price to reach its last high level of 2787.
Downtrend Side: The price will resume its bearish momentum if a 4H candle closes below 2701.
Tendency Keys: 2701
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With Clear entry point and target line with stopout zone
~900 pips per week —— Accuracy more than 88%
with best learning
Be Stronger With us
THANKS for your support
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