GSpotAnalyst

GSpotAnalyst

I am suggesting that the price of gold may experience a short-term pullback to around $2,650 to $2,600, likely due to reaching a resistance level within a parallel channel on an intraday timeframe chart. Following this pullback, you anticipate that the price will resume its upward trajectory. This analysis aligns with some current market predictions, as several...

GSpotAnalyst

Gold has established a support zone at 250+ @ EMA 240 /4H TF. Gold is expecting to have an ATH by tonight. The expected TP can be above 2550. Upper Bollinger zone before it returns to the supporting ground at 250+ EMA/ 4H TF. At that time, the support could be higher due to increased overtime.

GSpotAnalyst

As we know , this green area has been retested multiple times, it must be broken to get confirmation to go lower price 246+ / 243+ . if we don't wait for the confirmation, we will end up getting swap to 255+ . I don't like predict anything now. I would like to have a strong confirmation before making a move. its ok to earn less 10pips for 20 -30pips profit.

GSpotAnalyst

https://www.tradingviewhttps://www.tradingview.com/x/akaC0PY6/.com/chart/yjn0i2ou/?symbol=PEPPERSTONE%3AXAUUSD Trend reversal: 1. Trend going down but RSI shows uptrend as highlighted green in 1 H view. 2. BX-trender is a good indicator to spot the divergence as well if you enlarge it, you will find the divergence shape. 3. DXY is breaking down as in 1 H view as...