XAU#6: Gold breaks resistance. Where to take profit???
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In XAU#5: Gold's uptrend has gone as analyzed. So the question beginners often ask is how far will gold go? Where is it reasonable to take profit? Today I will answer for you:
1️⃣ **Fundamental analysis:**
📊 The three main aspects of Trump's policies in recent times: trade policy, tax cuts and spending, and international relations management are causing concern in global financial markets about an uncertain future in the near future.
🚀Currently, global financial market sentiment is experiencing significant fluctuations. So risky assets like gold are well supported.
2️⃣ **Technical analysis:**
🔹 **Frame D:** The uptrend is continuing to be strengthened. Yesterday ended with breaking through the important resistance zone that had not been overcome twice before
🔹 **Frame H4:** The uptrend is still continuing, showing that market sentiment is the main driving force for gold's increase.
🔹 **Frame H1:** The uptrend structure is still continuing with no signs of reversal.
3️⃣ **Trading plan:**
⛔ At this time, it is absolutely not advisable to enter a SELL order. The price line is still going strong. The price will have slight corrections, but the opportunity and R:R ratio for this option are very low. Absolutely do not hold on to losses. The price line moves slowly and steadily to create a sense of hope for those who are still holding orders against the market.
✅The uptrend will continue for quite a long time to come. If you have a good position, you can rest assured to wait for a larger profit. If there are signs of adjustment, I will make a new plan for you.
🚀 To answer the questions at the beginning of the article: Based on the expansion of the price channel in the H1 time frame, we can see how far gold is likely to increase. I do not predict any specific numbers. I only believe in what the market and the price line show me.
TRADE WHAT YOU SEE NOT YOU THINK
💪 **Wish you successful trading! **
📌 For any questions, please contact directly. I'm ready to answer you for free
In XAU#5: Gold's uptrend has gone as analyzed. So the question beginners often ask is how far will gold go? Where is it reasonable to take profit? Today I will answer for you:
1️⃣ **Fundamental analysis:**
📊 The three main aspects of Trump's policies in recent times: trade policy, tax cuts and spending, and international relations management are causing concern in global financial markets about an uncertain future in the near future.
🚀Currently, global financial market sentiment is experiencing significant fluctuations. So risky assets like gold are well supported.
2️⃣ **Technical analysis:**
🔹 **Frame D:** The uptrend is continuing to be strengthened. Yesterday ended with breaking through the important resistance zone that had not been overcome twice before
🔹 **Frame H4:** The uptrend is still continuing, showing that market sentiment is the main driving force for gold's increase.
🔹 **Frame H1:** The uptrend structure is still continuing with no signs of reversal.
3️⃣ **Trading plan:**
⛔ At this time, it is absolutely not advisable to enter a SELL order. The price line is still going strong. The price will have slight corrections, but the opportunity and R:R ratio for this option are very low. Absolutely do not hold on to losses. The price line moves slowly and steadily to create a sense of hope for those who are still holding orders against the market.
✅The uptrend will continue for quite a long time to come. If you have a good position, you can rest assured to wait for a larger profit. If there are signs of adjustment, I will make a new plan for you.
🚀 To answer the questions at the beginning of the article: Based on the expansion of the price channel in the H1 time frame, we can see how far gold is likely to increase. I do not predict any specific numbers. I only believe in what the market and the price line show me.
TRADE WHAT YOU SEE NOT YOU THINK
💪 **Wish you successful trading! **
📌 For any questions, please contact directly. I'm ready to answer you for free
Welcome to “Trading for Newbie” – where your successful financial journey begins!
Are you new to the financial markets? Don’t worry! We are here to help you.
Are you new to the financial markets? Don’t worry! We are here to help you.
Welcome to “Trading for Newbie” – where your successful financial journey begins!
Are you new to the financial markets? Don’t worry! We are here to help you.
Are you new to the financial markets? Don’t worry! We are here to help you.
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