🔥 Digital Gold Trading Plan $XAU : Are we bouncing back to the peak? 🚀📈
$USDT / $XAU
🎯 Suggested "Sniper" Levels:
✅ Entry Zone: Between $5,000 and $5,080.
🚀 Targets: $5,160 | $5,400 | $5,625.
🛡️ Stop Loss (SL): Close a 4-hour candle below $4,800.
📊 Technical Chart Reading:
1️⃣ Daily Frame (1D): Big Picture
We notice that the price is in a general upward trend.
After reaching the peak at $5,625, the price entered a sharp corrective wave.
Positive Point: The price is currently trying to stabilize and bounce from above the main moving averages, suggesting the beginning of a new bottom formation.
2️⃣ 4-Hour Frame (4H): Momentary Precision
The price is currently at $5,080.60.
Breakout: We notice the price's success in breaking and stabilizing above the two moving averages MA(7) and MA(25), which is a very positive indicator for the continuation of the rise in the coming hours.
Support: The level of $4,444 was the strong bottom that prevented free fall and brought buyers back to the market.
💡 Advice for Followers: Digital gold is moving strongly, so please adhere to the targets and avoid greed. A breakout above $5,164 will confirm the direction straight towards the previous peak.
💬 Discussion Question: Do you think gold will outperform Bitcoin in performance during February? Share your opinion! 👇
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