#goldreboundsnearly5% By analyzing the #Gold chart on the 6H timeframe, we can see that the bullish scenario continued to play out beautifully. Gold
successfully reached the major $4600 target and even extended its rally toward $4614.
From the $4511 region mentioned in the previous update to $4614, this move alone delivered around 1030 pips. If we look at the broader bullish sequence from the $4325 demand reaction toward $4614, Gold has moved almost 2900 pips higher.
And when we add the other Gold setups we traded throughout this week, the total movement captured from our analyses has now exceeded 3000 pips. What a week!
After such an aggressive rally, the next supply areas I’m monitoring are around $4620 – $4640, followed by $4660 – $4680, and then the major $4700 – $4720 region.
On the downside, the first important demand area is around $4580 – $4600, followed by $4545 – $4565, while the psychological $4500 – $4520 region remains an important deeper support area.
After a move like this, some correction would be completely normal. The important thing now is to watch how buyers react if Gold pulls back into these demand zones.
This was honestly one of the coolest Gold runs we’ve had recently. I hope you managed to take advantage of these setups.
Enjoy the profits and have a great weekend!
🥂$XAU $HANMI $MANTRA
successfully reached the major $4600 target and even extended its rally toward $4614.
From the $4511 region mentioned in the previous update to $4614, this move alone delivered around 1030 pips. If we look at the broader bullish sequence from the $4325 demand reaction toward $4614, Gold has moved almost 2900 pips higher.
And when we add the other Gold setups we traded throughout this week, the total movement captured from our analyses has now exceeded 3000 pips. What a week!
After such an aggressive rally, the next supply areas I’m monitoring are around $4620 – $4640, followed by $4660 – $4680, and then the major $4700 – $4720 region.
On the downside, the first important demand area is around $4580 – $4600, followed by $4545 – $4565, while the psychological $4500 – $4520 region remains an important deeper support area.
After a move like this, some correction would be completely normal. The important thing now is to watch how buyers react if Gold pulls back into these demand zones.
This was honestly one of the coolest Gold runs we’ve had recently. I hope you managed to take advantage of these setups.
Enjoy the profits and have a great weekend!
🥂$XAU $HANMI $MANTRA