melikatrader94

Gold --> Forecasting Future Price Move

Long
OANDA:XAUUSD   Gold Spot / U.S. Dollar
hello guys...

In this gold analysis, I will be examining the monthly time frame for gold and its potential price movements. My analysis suggests that gold may experience significant price appreciation in the coming months, with a target of $3,410 followed by a potential surge toward $7,411. Please note that financial markets are inherently unpredictable, and the following analysis is based on historical trends and patterns, but it does not guarantee future outcomes.


1. Target: $3,410:
Based on my analysis, I anticipate that gold could reach a target of $3,410 in the near future. This target is determined by identifying key resistance levels and trend lines. It is important to monitor market conditions and technical skills for confirmation of this upward movement.


2. Extended Target: $7,411:
In addition to the $3,410 target, my analysis suggests the possibility of gold touching $7,411. This target is based on a longer-term perspective and may be influenced by a combination of the aforementioned factors and a potential continuation of bullish sentiment in the gold market.

____________________________


always do your research.

If you have any questions, you can write them in the comments below, and I will answer them.

And please don't forget to support this idea with your likes and comment
Comment:
weekly time frame:

if a break out happened then cup and handle will confirmed:


👉👉👉 my recommended broker: bit.ly/melika-HYCM

offer 100% bonus (the maximum is 100$)

________

🚀🚀My telegram channel:

🥇 t.me/melikatrader94
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.