Analysis
- Current Price: 4018.800 (as per the chart)
- Entry Level: 4018
- Target Price (TP): 4108
- Trend: The chart shows a recent downtrend with some consolidation, followed by a potential upward movement indicated by the highlighted blue area and the upward arrow.
- Support: The recent lows seem to be around the 4018 level, aligning with the entry.
- Resistance: Potential resistance near 4108 (TP level).
Considerations
- The price has shown some volatility; the move to 4108 could happen if gold gains bullish momentum.
- Stop Loss: Not specified; consider placing below recent lows for risk management.
- Timeframe: 30 minutes; watch for breakout or reversal patterns.
- Market Factors: Gold prices can be influenced by economic data, geopolitical events, and USD strength.
Action
If considering a buy at 4018 with a target of 4108, monitor for:
- Confirmation of upward momentum (e.g., bullish candlestick patterns, volume).
- Breakout above recent highs could support the move to 4108.
- Manage risk with appropriate stop-loss placement. #OPINIONLEADER#
Edited 18 Nov 2025, 12:46
Disclaimer: The views expressed are solely those of the author and do not represent the official position of Followme. Followme does not take responsibility for the accuracy, completeness, or reliability of the information provided and is not liable for any actions taken based on the content, unless explicitly stated in writing.
Leave Your Message Now