GOLD: From Manipulated Drop to Bullish Setup
From our old analysis, gold found a clear and strong support area near the red 4130 area after that huge -26% drop in a few days and all for no reason, as we all saw.
Currently on the 4-hour charts, the price seems to be gathering for an upward move and forming an ascending triangle. Once the price moves above the triangle, a bigger move could happen.
On the other hand, Trump is only making comments about reaching a peace agreement, but peace is the only thing Trump and Israel want, making geopolitical tension increase every day and supporting the rise in the price of gold.
Key Targets:
4650
5000
5400
6000
You may find more details in the chart.
Thank you and good luck! 🍀
❤️ If this analysis helps your trading day, please support it with a like or comment ❤️
Previous analysis:
From our old analysis, gold found a clear and strong support area near the red 4130 area after that huge -26% drop in a few days and all for no reason, as we all saw.
Currently on the 4-hour charts, the price seems to be gathering for an upward move and forming an ascending triangle. Once the price moves above the triangle, a bigger move could happen.
On the other hand, Trump is only making comments about reaching a peace agreement, but peace is the only thing Trump and Israel want, making geopolitical tension increase every day and supporting the rise in the price of gold.
Key Targets:
4650
5000
5400
6000
You may find more details in the chart.
Thank you and good luck! 🍀
❤️ If this analysis helps your trading day, please support it with a like or comment ❤️
Previous analysis:
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
✅MY FREE Signals Channel
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅Suggested News Channel
t.me/ForexNewsNavigator_Official
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅Suggested News Channel
t.me/ForexNewsNavigator_Official
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.