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Gold is trading in a 4-hour ascending channel, which has fallen to 2708 after rising to 2759 dollars and faced selling pressure. Here, the demand for gold was again seen in the market and moved the price up to 2739. Currently, there is a possibility of sellers entering and correcting the price to the bottom of the ascending channel in the area of ​​2690. I expect price growth from there to see a new ceiling at $2,800.

4 hour gold analysisMovement in the ascending channel has hit the ceiling of the channelFrom this area, it will most likely enter the correction phase.If the fall from the top of the channel is the same as last time, there is a possibility that it will reach the bottom of the channel and its targets are 2550--2498... This will take time because the time chart is high.

4 hours On Wednesday, we have CPI news... I think that gold will go up a bit first and then fall to 2455 and 2432 and from there the price will jump to 2525. This is just an analysis and it is a schematic diagram.....Do not trade based on this analysis

After breaking the upward trend line, gold reacted to the first resistance and fell to the previous low of 2470... according to our prediction, it moved exactly like the arrows in the drawing.

Bitcoin has entered a wave of decline and correction on a weekly basis with its liquidity above its ceiling last year and has changed the medium-term trend and is now registering lower floors and lower ceilings. If this trend is maintained, the mid-term target will be $45,000

In the weekly time, gold was rising in a rising 5-wave, and the Elliott targets of this 5-wave based on Fibonacci patterns are at $2605 and $2670.In the chart, due to the divergence in oscillators and neutral candles in the last two weeks, there is a possibility of buyers retreating.....I checked that in the last 6 years, with the beginning of September, gold enters the correction and suffering phase... Probably the same thing will happen this year....In times lower than weekly, there is still an upward buying and suffering trend, and after changing the structure, you can enter sell positions in the resistances.

In the 4-hour period, the last bottom of the rising wave is at 2432, and until this bottom is not broken, the trend is still bearish....Gold's current support is 2494 and the upcoming resistances are 2515, 2525 and 2532, which are good points for intraday trading.

In the monthly time, gold is in an ascending channel since 2005, which has now reached the ceiling of this channel.In the lower times, we are on the trigger, if the trend changes, we will enter a sell position for the big tube of 200 to 300 dollars.Dear friends, I emphasize that you should be patient until the debt trend changes to sell the target of 2000 pips.

After Powell's speech on Friday and his comments on interest rates, gold was welcomed by buyers and moved towards its previous ceiling. On Monday, the market continued to buy gold again and raised the price to 2527. Currently, the price is close to its historical ceiling.By carefully examining the chart, we can see that the price entered the resting phase in the form of a correction triangle in an ascending channel after an ascending rally, and then broke this area upwards with a powerful candle, and on returning to it, pulled back and faced the demand again. .Currently, gold is more inclined to rise. And buying in the support areas will be a good option. The target of this upward wave can be in the area of ​​2555 and 2570 dollars.

GOLD is eagerly awaiting the upcoming speech from Powell, which is sure to have a significant impact on the markets. Overall, the price has bounced back from the area I highlighted in my weekly forecast. Currently, it is trading around the psychological level of 2500, and there is potential for it to push upward toward the next resistance level at 2565. With that said, I anticipate volatility in the market, which could lead to breakouts from the previous day's highs or lows. If Powell hints at a future rate cut, I believe we could easily reach 2550. My target is resistance zone around 2545.00If the price can stabilize above the red descending rune line, it will move towards the previous ceiling at 2530 and then move towards 2565.In case of correction, it can retreat to its upward trend line at 2480 or have a deep correction until 2469 and 2455.