Gold Technical Analysis Summary By PapaFinanceTalk
Gold Technical Analysis Summary By PapaFinanceTalk
Key Points:
- Fibonacci retracement: Price has potential to reach Zone 2185 based on Fibonacci retracement levels.
- Flag Pattern: A bullish Flag Pattern has been formed on the chart, indicating a continuation of the upward trend.
- Resistance Breakout: Price has broken through several key resistance levels, further supporting the bullish outlook.
- New High: After a potential retracement, price is expected to reach a new high around 2246.
- Strong Uptrend: The TFD1 timeframe confirms a strong uptrend, caution advised for short-sellers.
Overall: The technical analysis of gold suggests a bullish continuation with potential targets at Zone 2185 and 2246. A retracement may occur before reaching these targets, but the overall trend remains positive.
Disclaimer: This information is provided for educational purposes only and should not be considered as financial advice. Always conduct your own research and consult with a qualified financial professional before making any investment decisions.
#Gold #XAUUSD #TechnicalAnalysis #Bullish #Fibonacci #FlagPattern #ResistanceBreakout #NewHigh #UpTrend #Disclaimer
Key Points:
- Fibonacci retracement: Price has potential to reach Zone 2185 based on Fibonacci retracement levels.
- Flag Pattern: A bullish Flag Pattern has been formed on the chart, indicating a continuation of the upward trend.
- Resistance Breakout: Price has broken through several key resistance levels, further supporting the bullish outlook.
- New High: After a potential retracement, price is expected to reach a new high around 2246.
- Strong Uptrend: The TFD1 timeframe confirms a strong uptrend, caution advised for short-sellers.
Overall: The technical analysis of gold suggests a bullish continuation with potential targets at Zone 2185 and 2246. A retracement may occur before reaching these targets, but the overall trend remains positive.
Disclaimer: This information is provided for educational purposes only and should not be considered as financial advice. Always conduct your own research and consult with a qualified financial professional before making any investment decisions.
#Gold #XAUUSD #TechnicalAnalysis #Bullish #Fibonacci #FlagPattern #ResistanceBreakout #NewHigh #UpTrend #Disclaimer
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