#GOLD'S CRITICAL DAY: BULLISH OR BEARISH?!
👉"Today's (August 12) daily candle is very decisive.
⭐If it closes above the price of 2416.500, the conditions for continued growth will be smoothed.
🎯In this case, #GOLD can grow in the form of a triangle pattern, up to the upper arm equivalent to the price of 2471.950-2478.000.
🎯The next growth targets are 2512.650 and 2581.750.
⭐If there is a decline, it is currently temporary. And support 2416.500-2418.150 can stop the decline and we will continue to grow.
❌Stop-loss for growth scenario:
Based on the daily timeframe, the tendency to grow will only change to decline if GOLD can stabilize below the lower arm of the triangle pattern.
⭐More details about the next move of GOLD, in the 4-hour timeframe (figure below)."
.....................................
👉"On the 4-hour timeframe, we have a decisive structure: an bullish channel.
⭐As long as we are within this bullish channel, there is a tendency to grow towards the targets I mentioned above.
⭐If the bullish channel breaks downward, we will enter a bear-trend.
🎯bearish trend targets if the growth scenario's stop-loss is activated and we enter a bear-trend:
Target 1: 2377.478
Target 2: 2323.692
Target 3: 2287.228"
⭐If it closes above the price of 2416.500, the conditions for continued growth will be smoothed.
🎯In this case, #GOLD can grow in the form of a triangle pattern, up to the upper arm equivalent to the price of 2471.950-2478.000.
🎯The next growth targets are 2512.650 and 2581.750.
⭐If there is a decline, it is currently temporary. And support 2416.500-2418.150 can stop the decline and we will continue to grow.
❌Stop-loss for growth scenario:
Based on the daily timeframe, the tendency to grow will only change to decline if GOLD can stabilize below the lower arm of the triangle pattern.
⭐More details about the next move of GOLD, in the 4-hour timeframe (figure below)."
.....................................
👉"On the 4-hour timeframe, we have a decisive structure: an bullish channel.
⭐As long as we are within this bullish channel, there is a tendency to grow towards the targets I mentioned above.
⭐If the bullish channel breaks downward, we will enter a bear-trend.
🎯bearish trend targets if the growth scenario's stop-loss is activated and we enter a bear-trend:
Target 1: 2377.478
Target 2: 2323.692
Target 3: 2287.228"
Note
🔄#GOLD analysis update - August 13
✅According to the #GOLD prediction, it grew and reached its first target.
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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.
Publications connexes
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.