#goldrisesabout14%inaugust
Current Price: $4,606.
1. The Drop
Price made a high near $4,680 then started falling.
We got 2 CHOCH = Change of Character. That means the trend shifted from up to down on H1.
2. The Bottom
Price swept down to $4,563.and found buyers there. That low is important support.
3. The Bounce
After hitting $4,563, price started climbing again. That small arrow shows buyers trying to push price back up.
Key Levels to Watch
- Support: $4,563 - $4,570 → If this holds, buyers stay in control
- Current: $4,606 → Right under resistance
- Next Target: $4,673.84 → Marked with the blue line and arrow
-
The plan is: Bounce from $4,563 support → Target $4,673.
As long as Gold holds above $4,563, the bullish move to $4,673 is still valid.
If price breaks and closes below $4,563, then this bullish idea is cancelled.
Not financial advice
$TAC
$RUNE
$TUT
Current Price: $4,606.
1. The Drop
Price made a high near $4,680 then started falling.
We got 2 CHOCH = Change of Character. That means the trend shifted from up to down on H1.
2. The Bottom
Price swept down to $4,563.and found buyers there. That low is important support.
3. The Bounce
After hitting $4,563, price started climbing again. That small arrow shows buyers trying to push price back up.
Key Levels to Watch
- Support: $4,563 - $4,570 → If this holds, buyers stay in control
- Current: $4,606 → Right under resistance
- Next Target: $4,673.84 → Marked with the blue line and arrow
-
The plan is: Bounce from $4,563 support → Target $4,673.
As long as Gold holds above $4,563, the bullish move to $4,673 is still valid.
If price breaks and closes below $4,563, then this bullish idea is cancelled.
Not financial advice
$TAC
$RUNE
$TUT
