GOLD 4 HOUR EDUCATIONAL UPDATE:
We can see that Gold has reacted nicely at the 4 hour POI marked up. This could be a potential new Higher Low for Gold price to push up to create a new 4 Hour Higher high as well as a new All time high. Gold is still bullish according to market structure but there is also the small possibility that Gold might break the 4 hour Higher Low and push down as well.
GOLD 4 HOUR TIMEFRAME EDUCATIONAL ANALYSIS UPDATE!
Gold did not create new equal highs or a double top
Gold created NEW ALL TIME HIGHS at at 2450.00.
Gold also created a new Higher High for the 4 hour market structure
We can now expect Gold to drop anywhere between the most recent Higher Low and the new higher high that gold has just created before it continues to go up;
GOLD 4 HR TF & BELOW EDUCATIONAL ANALYSIS
Following Market Structure > Gold is bullish
We have the most recent high sitting at $2430 area. Price has a chance of reacting from that area to make a pullback before price continues to the upside
GOLD DAILY AND HIGHER TF EDUCATIONAL ANALYSIS
- Gold market has been ranging since August 2020 up until December 2023
-Price has recently broken out from the range
-Gold is only showing bullish momentum
