#GOLD - H1
📣 Looking at the 1-hour timeframe, there is an expectation of a price decline towards the range of 2120 with the breakdown of the bottom of the descending channel around 2140.
⛔ Stop Loss: 2155
On the other hand, with the breakout of the range of 2155, one can consider buying with a target of 2170.
⛔ Stop Loss: 2140
Please note that trading decisions should be made based on thorough analysis, risk management, and your individual trading strategy. It's always recommended to consult with a financial advisor or utilize the resources provided by your preferred broker for further guidance.
Disclaimer: The above analysis is for informational purposes only and should not be considered as financial advice.
📣 Looking at the 1-hour timeframe, there is an expectation of a price decline towards the range of 2120 with the breakdown of the bottom of the descending channel around 2140.
⛔ Stop Loss: 2155
On the other hand, with the breakout of the range of 2155, one can consider buying with a target of 2170.
⛔ Stop Loss: 2140
Please note that trading decisions should be made based on thorough analysis, risk management, and your individual trading strategy. It's always recommended to consult with a financial advisor or utilize the resources provided by your preferred broker for further guidance.
Disclaimer: The above analysis is for informational purposes only and should not be considered as financial advice.
Trade closed: target reached