Market overview: $XAUT (Gold) ๐ช
Timeframe: H4
According to the technical analysis on the chart, the price of gold is showing a bullish bias.
An upward trend is forming, confirmed by the breakout of a number of resistance levels, particularly the 4433-4434 levels, which are now acting as support.
We expect the price to continue rising and suggest the following trading parameters:
Buy ๐
* Entry: 4433-4434
* Stop Loss: 4410
* Take Profit 1: 4460
* Take Profit 2: 4500
* Take Profit 3: 4560
Don't forget about the risks ๐
We recommend placing the stop loss below the support level at 4410, and taking profits in portions to secure gains and minimize risks.
Always do your own analysis and make informed decisions.
We wish you successful trading! ๐ฐ
#GOLD_UPDATE
Timeframe: H4
According to the technical analysis on the chart, the price of gold is showing a bullish bias.
An upward trend is forming, confirmed by the breakout of a number of resistance levels, particularly the 4433-4434 levels, which are now acting as support.
We expect the price to continue rising and suggest the following trading parameters:
Buy ๐
* Entry: 4433-4434
* Stop Loss: 4410
* Take Profit 1: 4460
* Take Profit 2: 4500
* Take Profit 3: 4560
Don't forget about the risks ๐
We recommend placing the stop loss below the support level at 4410, and taking profits in portions to secure gains and minimize risks.
Always do your own analysis and make informed decisions.
We wish you successful trading! ๐ฐ
#GOLD_UPDATE
