Gold Spot ? U.S. Dollar . 1h

Hello dear traders,

Today, I carefully examined the gold analysis chart and arrived at some interesting conclusions! Gold has formed a CHoCH (Change of Character) on the hourly timeframe after a period of upward movement, which may indicate a potential continuation of the decline towards the extreme zone on the four-hour chart.

As you know, various factors influence gold prices, including the performance of gold producers. Leading gold-producing countries such as China, Australia, and Russia consistently have a significant impact on the global market. Currently, global demand for gold is high, especially in unstable economic conditions and with prevailing political uncertainties, which could result in considerable price fluctuations.

Based on my chart analysis, I have identified an excellent entry point for a sell trade. I suggest employing appropriate risk management and setting a standard stop-loss as indicated on the chart. Additionally, to optimize your entry and obtain suitable confirmation, you can utilize the five-minute timeframe.

The chart is very straightforward and clear, allowing you to make decisions with ease. Don't miss out on this analysis; given the current market conditions, a remarkable opportunity is ahead!

Wishing you all success and profitable trades.

Sincerely,
Fereydoon Bahrami
"A retail trader in the Wall Street trading center (Forex)."