Gold MAY dip to 2470 before its next big move up – stay alert!
Upon further review, it appears gold is set to dip before making its next move up. After breaking below the 2491-2494 order block, it's likely gold will tap into the 1H imbalance, which could drive prices lower before a potential reversal. While some consolidation might occur, the short-term outlook suggests a move down toward the 2470 level before any bullish momentum returns.
However, if gold breaks past the imbalance, we may see it test the previously failed 2505-2509 order block and continue higher. With a weakening dollar, there's a possibility gold could push beyond its all-time highs, fueling a strong bullish breakout.
However, if gold breaks past the imbalance, we may see it test the previously failed 2505-2509 order block and continue higher. With a weakening dollar, there's a possibility gold could push beyond its all-time highs, fueling a strong bullish breakout.
Note
Perfectly predicted.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.