Downtrend: The chart shows a clear downtrend with the price moving below a descending trendline (blue line).
• Support Zone: There is a highlighted orange/red support zone around the price level of $3,217–$3,224, where price recently bounced.
• Reversal Possibility: The small black projected path suggests a potential reversal or consolidation from the support zone with a bullish move anticipated.
• Resistance Levels:
• $3,240–$3,277 is an initial resistance zone.
• A much higher resistance area is marked between $3,400–$3,437 (brown box), showing where the previous strong sell-off began.
• Technical Indicators: The red downward arrow at the top and the drop in price by −102.032 (−3.07%) indicate recent bearish momentum.
• Support Zone: There is a highlighted orange/red support zone around the price level of $3,217–$3,224, where price recently bounced.
• Reversal Possibility: The small black projected path suggests a potential reversal or consolidation from the support zone with a bullish move anticipated.
• Resistance Levels:
• $3,240–$3,277 is an initial resistance zone.
• A much higher resistance area is marked between $3,400–$3,437 (brown box), showing where the previous strong sell-off began.
• Technical Indicators: The red downward arrow at the top and the drop in price by −102.032 (−3.07%) indicate recent bearish momentum.
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XAUUSD Gold
BTC & other coins
EURUSD
USDJPY
GBPUSD
ETH USD
Telegram channel 👇
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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.
World Best Signals Channel here 🤝
XAUUSD Gold
BTC & other coins
EURUSD
USDJPY
GBPUSD
ETH USD
Telegram channel 👇
t.me/+1b_A_JwswN01Nzc0
XAUUSD Gold
BTC & other coins
EURUSD
USDJPY
GBPUSD
ETH USD
Telegram channel 👇
t.me/+1b_A_JwswN01Nzc0
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.