Key observations:
Supply Zone: The upper orange region near $3,360–$3,380 represents a strong supply zone where sellers have consistently stepped in.
Resistance Levels: Price has faced repeated rejections below the $3,320–$3,340 zone, aligning with downward trendlines.
Demand Zone: The blue area between $3,260–$3,285 marks a clear demand region, with previous bounces showing buyer interest.
Trendlines: Red descending trendlines indicate a bearish structure still intact. The green ascending trendline suggests slight bullish pressure building from the lows.
Market Sentiment:
Despite the outdated chart setup, the market is moving as anticipated. The price is respecting key levels and patterns drawn earlier, confirming our directional bias. A breakout below the lower support or above the upper resistance would signal the next major move.
Supply Zone: The upper orange region near $3,360–$3,380 represents a strong supply zone where sellers have consistently stepped in.
Resistance Levels: Price has faced repeated rejections below the $3,320–$3,340 zone, aligning with downward trendlines.
Demand Zone: The blue area between $3,260–$3,285 marks a clear demand region, with previous bounces showing buyer interest.
Trendlines: Red descending trendlines indicate a bearish structure still intact. The green ascending trendline suggests slight bullish pressure building from the lows.
Market Sentiment:
Despite the outdated chart setup, the market is moving as anticipated. The price is respecting key levels and patterns drawn earlier, confirming our directional bias. A breakout below the lower support or above the upper resistance would signal the next major move.
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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/+DLcFADZUck9jYmVk
✅ XAUUSD Gold
✅ BTC & other coins
✅ EURUSD
✅ USDJPY
✅ GBPUSD
✅ ETH USD
Telegram channel 👇👇
t.me/+DLcFADZUck9jYmVk
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.