XAU/USD: Upward Trend Expected in Q4 2024!
Atualizado
🔥 Key Points:
✅ Resistance tested 7 times: 2528-2531
✅ Support tested 3 times: 2472-2470
A critical price zone awaits at the end of 2024, which could define the future trend for gold.
🔥 7 resistance tests suggest buyers hold the majority, but the level hasn't been broken. FrankFx believes this is due to large funds and country coordination adjusting prices to reach an all-time high (ATH) at a more favorable time (e.g., September rate cuts, November U.S. presidential election).
🔥 H4 technical frame supports a strong uptrend.
🦋 The combination of technicals, economic, and political factors will shape the trend and timing.
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New ATH targets: 2560 - 2590 - 2650
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⭐️ NOTE:
FrankFx advises traders to manage their capital well:
- Trade lot sizes appropriate for your capital.
- Take profit: 4-6% of your account.
- Stop loss: 2-3% of your account.
- The true winners are those who stay in the market the longest.
Trade ativo
Gold prices are rising—anticipate major FOMO ahead of next week's FOMC meeting. Positive outlook for gold.
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✅CONTACT:
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Exness✅
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ICMarkets✅
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XM✅
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Website:frankfxx.com
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