Price is currently at $96,657, up +2.63%.
You have drawn a forecast path:
A short-term pullback is expected first.
Then a bounce from around the $96,290–$96,000 zone (which seems like a demand/support zone you highlighted in red).
After that, a strong rally toward the target around $99,965.
Technical breakdown:
Trend: Strong bullish momentum before the pullback.
Structure: You are anticipating a higher low forming near the support box, then a continuation upward (bullish structure).
Support Zone: Around $96,290 (marked in light red).
Resistance/Target: Around $99,965.
Analysis Summary:
Short retracement is healthy after the strong push up.
If buyers defend the highlighted support zone, there’s a high chance of continuation toward your target.
Risk Management: If price drops below $96,000–$95,500 zone, the bullish setup might get invalidated. Price is currently at $96,657, up +2.63%.
You have drawn a forecast path:
A short-term pullback is expected first.
Then a bounce from around the $96,290–$96,000 zone (which seems like a demand/support zone you highlighted in red).
After that, a strong rally toward the target around $99,965.
Technical breakdown:
Trend: Strong bullish momentum before the pullback.
Structure: You are anticipating a higher low forming near the support box, then a continuation upward (bullish structure).
Support Zone: Around $96,290 (marked in light red).
Resistance/Target: Around $99,965.
Analysis Summary:
Short retracement is healthy after the strong push up.
If buyers defend the highlighted support zone, there’s a high chance of continuation toward your target.
Risk Management: If price drops below $96,000–$95,500 zone, the bullish setup might get invalidated.
You have drawn a forecast path:
A short-term pullback is expected first.
Then a bounce from around the $96,290–$96,000 zone (which seems like a demand/support zone you highlighted in red).
After that, a strong rally toward the target around $99,965.
Technical breakdown:
Trend: Strong bullish momentum before the pullback.
Structure: You are anticipating a higher low forming near the support box, then a continuation upward (bullish structure).
Support Zone: Around $96,290 (marked in light red).
Resistance/Target: Around $99,965.
Analysis Summary:
Short retracement is healthy after the strong push up.
If buyers defend the highlighted support zone, there’s a high chance of continuation toward your target.
Risk Management: If price drops below $96,000–$95,500 zone, the bullish setup might get invalidated. Price is currently at $96,657, up +2.63%.
You have drawn a forecast path:
A short-term pullback is expected first.
Then a bounce from around the $96,290–$96,000 zone (which seems like a demand/support zone you highlighted in red).
After that, a strong rally toward the target around $99,965.
Technical breakdown:
Trend: Strong bullish momentum before the pullback.
Structure: You are anticipating a higher low forming near the support box, then a continuation upward (bullish structure).
Support Zone: Around $96,290 (marked in light red).
Resistance/Target: Around $99,965.
Analysis Summary:
Short retracement is healthy after the strong push up.
If buyers defend the highlighted support zone, there’s a high chance of continuation toward your target.
Risk Management: If price drops below $96,000–$95,500 zone, the bullish setup might get invalidated.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Our telegram channel daily update here guys t.me/GOLDTRDAINGSIGNAL11
Daily signals here
Daily signals here
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.