Gold/ XAUUSD
🔰 Pair Name : XAU/USD
🔰 Time Frame : 4H/1H
🔰 Scale Type : MID Scale
🔰 Direction : SELL
In our comprehensive Gold roadmap analysis (refer to the associated post 📊🛤️), we have elucidated our fundamental perspective. Currently, our interest in acquiring gold on a significant scale remains subdued ❌📉.
From a strictly technical standpoint, notable developments have occurred 📈📊. The price has surpassed the 100% Fibonacci level, setting the stage for an imminent progression towards the 127% Fibonacci extension level ➡️📈. It is conceivable that today's price action will involve a retracement to rectify the prevailing imbalance ⚖️, subsequently steering the price trajectory downwards towards the 127% extension level, proximately situated around the 1800 area 📉💼.
📈🔍 #GoldAnalysis #TechnicalInsights #MarketUpdate 📉🔥
🔰 Time Frame : 4H/1H
🔰 Scale Type : MID Scale
🔰 Direction : SELL
In our comprehensive Gold roadmap analysis (refer to the associated post 📊🛤️), we have elucidated our fundamental perspective. Currently, our interest in acquiring gold on a significant scale remains subdued ❌📉.
From a strictly technical standpoint, notable developments have occurred 📈📊. The price has surpassed the 100% Fibonacci level, setting the stage for an imminent progression towards the 127% Fibonacci extension level ➡️📈. It is conceivable that today's price action will involve a retracement to rectify the prevailing imbalance ⚖️, subsequently steering the price trajectory downwards towards the 127% extension level, proximately situated around the 1800 area 📉💼.
📈🔍 #GoldAnalysis #TechnicalInsights #MarketUpdate 📉🔥
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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.