📊 Timeframe: H1
💡 Technical Analysis:
Gold is currently moving in a sideways structure within a clearly defined range, forming a mild descending channel on the chart.
The market shows signs of a short-term correction, likely to retest key Fibonacci support levels before a potential breakout.
Two important Fibonacci levels to watch: 0.5 (3,593) and 0.618 (3,574) – this could be the final corrective wave before a strong upward move.
Upcoming interest rate news today may act as the catalyst for a significant rally.
🟢 Suggested Trade Plan
BUY zone: 3,593 – 3,690
Stop Loss (SL): 3,580
Take Profit (TP):
Target 1: 3,615
Target 2: 3,630
Target 3: 3,640
Target 4: 3,650
🎯 New ATH: 3,675+ if the channel high is broken
📌 Key Notes
Watch for price reactions near the Fibonacci support zones, especially before and after the interest rate announcement.
Manage your position sizing carefully—avoid over-leveraging during potential high-volatility news events.
This is a personal analysis for sharing trading ideas only, not financial advice.
💬 Feel free to share your thoughts and add your perspective so we can trade more effectively together on TradingView! 📈✨
💡 Technical Analysis:
Gold is currently moving in a sideways structure within a clearly defined range, forming a mild descending channel on the chart.
The market shows signs of a short-term correction, likely to retest key Fibonacci support levels before a potential breakout.
Two important Fibonacci levels to watch: 0.5 (3,593) and 0.618 (3,574) – this could be the final corrective wave before a strong upward move.
Upcoming interest rate news today may act as the catalyst for a significant rally.
🟢 Suggested Trade Plan
BUY zone: 3,593 – 3,690
Stop Loss (SL): 3,580
Take Profit (TP):
Target 1: 3,615
Target 2: 3,630
Target 3: 3,640
Target 4: 3,650
🎯 New ATH: 3,675+ if the channel high is broken
📌 Key Notes
Watch for price reactions near the Fibonacci support zones, especially before and after the interest rate announcement.
Manage your position sizing carefully—avoid over-leveraging during potential high-volatility news events.
This is a personal analysis for sharing trading ideas only, not financial advice.
💬 Feel free to share your thoughts and add your perspective so we can trade more effectively together on TradingView! 📈✨
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Penafian
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📊 FranCi$$ Market Calls
✅ Up to 12 fresh signals Free everyday for major markets
✅ Shared in real time with clear entry & exit zones
✅ Perfect for traders who want clarity and consistency
👉 Join here to level up: t.me/+PXCampiwdlAxNmY1
✅ Up to 12 fresh signals Free everyday for major markets
✅ Shared in real time with clear entry & exit zones
✅ Perfect for traders who want clarity and consistency
👉 Join here to level up: t.me/+PXCampiwdlAxNmY1
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.