My gold analysis and forecast for the rest of the week(Based on technical analysis only)


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Good day everyone, I hope we are all doing good and making mon ey from the market already this week. i am here to share my opinions based on technical analysis of how the gold market will be moving and heading to this week. by the way this is just my opinion and not financial advice,so every call i will be making in this post should not be taken as financial advice.
The market this week as being ranging between 1721 and 1744 since it touched the trendline at 1733, i wouldn't say it unexpected since the impact of the NFP news last week on the market.
looking at the market on a 4hrs timeframe we can see that the market will probably keep ranging throughout this week before a breakout upward that will lead to the bullish run that will see the market back at 1800 level, or will might see a breakout earlier than expected this week that will take the market back to the 1800 level.

when we zoom in on the 4hrs timeframe we can see that the market is making the same pattern it made before falling off the 1800 level down to the present level.

taking a closer look at the market on a 1hr timeframe, we can see that the market is already showing bullish momentum with the two long bullish candlestick and we might see the full bull run in the next 24hrs, if that happens, we might be able to get to 1784 level by friday or maybe hit the 1800 progression.

i will like to say i dont buy or invest in gold for a longtime, i am a day trader, i trade gold on the mt4 platform, so my analysis and opinions are limited to daily view of the gold .
market and not longtime.

that is it guys see you next week with a new analysis and opinion, remember to trade and invest wisely, so that we can make money.
#silvergoldstackers

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