Vladimir RibakovOwner, Chief Trader at Home Trader Club (Former Traders Academy Club), Owner, Chief Trader at Home Trader Club (Former Traders Academy Club) · Owner, Chief Trader at Home Trader Club (Former Traders Academy Club)

Gold is going to a new all time high? #xauusd #goldtrading #shorts #fyp

6 Mar 2024 · 1 min

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Vladimir Ribakov sees gold breaking out on daily and 4-hour charts simultaneously, with three support zones now in place. He expects a major rally as long as these levels hold, treating any pullback as a buying opportunity.

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This is the daily timeframe breakout and this is the 4-hour chart breakout. It all happens simultaneously and therefore the major rally. So what's next with gold? As long as this major zone holds, I believe any pullback here should be the next buy step. Few levels to pay attention to, key levels in play. We have this broken resistance and supply area which now will act as a supportive area. Absolutely phenomenal. We have rising supportive line and of course the balance zone based on the volume profile. As long as these areas hold, any pullback closer to there should lead for further