"Comprehensive Analysis of Global Gold Trends Across Monthly....GoldOANDA:XAUUSDTtrader1218--- "Comprehensive Analysis of Global Gold Trends Across Monthly, Daily, and Hourly Timeframes" Hi everyone. This is my analysis of global gold across different timeframes, where I’ll be using a distinct approach for each. **Monthly Chart:** On the monthly chart of global gold, we observe two strong bullish candles that emerged after three neutral ones, indicating a potentially exciting future for gold. It’s important to note that news fundamentals or ongoing wars often have a direct correlation with gold’s upward trend. Wars are just one of the factors contributing to gold’s growth. Therefore, if we enter a trade at the current price with a risk-reward ratio of 1:1.5, the price target can be considered around **$4590**, expected over a **medium-term horizon of 6 to 7 months**. **Daily Chart:** The trend from **September 2024** is visible on the chart. Initially, there was a prolonged range-bound movement, followed by a **90-day rally** with interesting corrections around the **50% Fibonacci level**, and then another **90-day range**. Despite global political fluctuations, Middle East tensions, and the prolonged Ukraine-Russia war, gold remained within the second range and maintained a stable trend. The main bullish breakout started on **September 2**. Given that the market had already been bullish for about 90 days, if the range breaks upward, it should be considered a **full bullish move**. In my opinion, global gold will likely reach the **golden number of $4000 per ounce** within the next **month**, based on trades with a **1.2 risk-reward ratio**. All timeframes mentioned are approximate. **1-Hour Chart:** The situation is different here. If we analyze this timeframe alone, it doesn’t necessarily indicate a bullish trend. The chart initially shows an uptrend followed by a correction down to the **23% and 38% Fibonacci levels**. Interestingly, the **23% level**, which is usually not a strong zone, has seen multiple reactions as both resistance and support. Given the chart’s structure, sellers appear weaker than buyers. Despite high selling volumes, buyers have so far prevented a price drop in global gold. Currently, the chart has tested the **yellow price zone** above the 1-hour timeframe **twice**, and if this zone breaks, we could see **$4000 gold** in a short time.