A strong Bullish Move on the historical Bottom Zone of 74600$
Strong Volume with Bullish candles came to stop the short term relief from the bearish side.
Support: 76300$ Resistance to break the Structure is 79000$
We can see a clear Double Bottom, Holding above the 75000$.
We are going to test the 81800-82000$ zone in 2-3 days. After that probably if the price will not stabilize at the 82000$ zone strong dump can be seen again.
A strong Bullish Move on the historical Bottom Zone of 74600$
Strong Volume with Bullish candles came to stop the short term relief from the bearish side.
Support: 76300$ Resistance to break the Structure is 79000$
We can see a clear Double Bottom, Holding above the 75000$.
We are going to test the 81800-82000$ zone in 2-3 days. After that probably if the price will not stabilize at the 82000$ zone strong dump can be seen again.
I think silver will gonna out perform the gold. btw thanks for the analysis
Forecast Analysis
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Those who are interested to trade $XAU Gold
Special Price Analysis;
There are levels to trade in Bullish Trend;
On 12 H again a Bearish Divergence is going to occur.
Daily Support is 4900-4950$
On 4-H TF Gold Shows a Strong Bearish Divergence which means price will ease the buying pressure and profit taking is happening
Support Zone: 5150$ Of LTF
A good Entry point to take trade around the support for Scalp tradings.
Overall Trend is strong Bullish, We are not expecting a Strong Retest of 4900$ level soon but small pullbacks come to enter again and again.
Most Likely Situation ; I think on next week gold will start the correction for big levels which is 4500$ so be careful, I am just sharing the above trades in the bullish trend that will be intact for some days in my opinion.
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