📊 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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כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
📊 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
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.