Will Gold Bounce or Slide!
hello traders!
Our analysis suggests that gold is likely to be a buy if it breaks out above the resistance level of 2496-2497 and subsequently retests this level as support. On the other hand, if gold breaks down below the support level of 2492-2491 and then retests it, we may consider a potential sell opportunity.
Our analysis suggests that gold is likely to be a buy if it breaks out above the resistance level of 2496-2497 and subsequently retests this level as support. On the other hand, if gold breaks down below the support level of 2492-2491 and then retests it, we may consider a potential sell opportunity.
Note
Today's market conditions appears to be setting up a potential selling opportunity!Note
We can consider selling from 2596-2594. The target should be 2485, and if it breaks below 2485, it's going to be powerful selling.Note
Selling has begun!Note
150 pips running!!!!
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