The chart suggests a possible downward move toward the lower support zone ($2,622.40) if the price fails to break the resistance at $2,726.92.
Analysis:
Bearish Scenario: If the price breaks below the lower trendline, it could signal a continuation of the bearish trend, targeting the support zone.
Trading Advice:
Watch for a breakout from the triangle pattern for confirmation of direction.
Set stop-loss orders to mitigate risk, especially near key resistance and support levels.
Analysis:
Bearish Scenario: If the price breaks below the lower trendline, it could signal a continuation of the bearish trend, targeting the support zone.
Trading Advice:
Watch for a breakout from the triangle pattern for confirmation of direction.
Set stop-loss orders to mitigate risk, especially near key resistance and support levels.
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Disclaimer
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JOIN MY FREE FOREX & GOLD SIGNALS TELEGRAM CHANNEL
USER𝐍AME. @XKing05
t.me/+wX1pwTyx-0VmODI0
EXNESS BROKER : one.exnesstrack.net/a/iok5e2yuvx
USER𝐍AME. @XKing05
t.me/+wX1pwTyx-0VmODI0
EXNESS BROKER : one.exnesstrack.net/a/iok5e2yuvx
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.