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GOLD-Trade Plan-04/11/2024
Dear Traders,
Gold prices continue to exhibit a downward trend on both the 1-hour and 4-hour charts. Considering the significant selling pressure experienced last week, it is highly probable that the price will dip to test the 2700 level. If this level acts as a support, we can anticipate a minimum price rebound of 600-700 pips. However, if the 2700 level is breached, the subsequent targets would be 2660 and 2600. Given the ongoing geopolitical tensions in the Middle East, I anticipate a period of price consolidation rather than a sustained price decline.
Dont Forget like&Comment please !
Regards,
Alireza!
Gold prices continue to exhibit a downward trend on both the 1-hour and 4-hour charts. Considering the significant selling pressure experienced last week, it is highly probable that the price will dip to test the 2700 level. If this level acts as a support, we can anticipate a minimum price rebound of 600-700 pips. However, if the 2700 level is breached, the subsequent targets would be 2660 and 2600. Given the ongoing geopolitical tensions in the Middle East, I anticipate a period of price consolidation rather than a sustained price decline.
Dont Forget like&Comment please !
Regards,
Alireza!
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💰MY FREE FOREX CRYPTO SIGNALS TELEGRAM CHANNEL: : t.me/Alirezaktrade
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