GOLD (Still The Bearish Trend Is Active)
The anticipated corrective rise is expected to approach the 2664 level or possibly the upper boundary of the prevailing trend channel, as these represent significant resistance zones. For today's trading session, price movements are likely to fluctuate between 2664 and 2640, with a stronger inclination toward a bearish trend.
Our projection leans toward continued bearish momentum as long as the price remains below the 2664 resistance level, which serves as a critical threshold. Under this scenario, the price could potentially decline to 2640 and extend further to test the 2603 level, which represents a pivotal support zone.
Conversely, a bullish reversal may only be considered valid if the price decisively breaks above the trend channel, confirmed by a 4-hour or daily candle close above this level. This would signal a shift in market sentiment and pave the way for further upward movement.
Tendency Keys: 2664
Resistance Line: 2640, 2664, 2701
Support Line: 2603, 2566, 2527
Our projection leans toward continued bearish momentum as long as the price remains below the 2664 resistance level, which serves as a critical threshold. Under this scenario, the price could potentially decline to 2640 and extend further to test the 2603 level, which represents a pivotal support zone.
Conversely, a bullish reversal may only be considered valid if the price decisively breaks above the trend channel, confirmed by a 4-hour or daily candle close above this level. This would signal a shift in market sentiment and pave the way for further upward movement.
Tendency Keys: 2664
Resistance Line: 2640, 2664, 2701
Support Line: 2603, 2566, 2527
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With Clear entry point and target line with stopout zone
~900 pips per week —— Accuracy more than 88%
with best learning
Be Stronger With us
THANKS for your support
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