GOLD WILL HAVE A GREAT FALL
Hello my fellow traders! kindly share your opinion on this analysis.
Date: 08 January 2025
Current Price: 2652
Gold H4 candle has rejected 2665 position twice which indicates a double top rejection. Currently market is working below its resistance level and is going to test support zone 2633. If market breakout 2633 position then it will have a great drop and its next target will be 2595 which is our demand zone.
Key Points:
Resistance: 2665, 2645
Supporting Area: 2633, 2615
Note:
Target 1: 2633
Target 2: 2595
Stop Loss: 2675
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Date: 08 January 2025
Current Price: 2652
Gold H4 candle has rejected 2665 position twice which indicates a double top rejection. Currently market is working below its resistance level and is going to test support zone 2633. If market breakout 2633 position then it will have a great drop and its next target will be 2595 which is our demand zone.
Key Points:
Resistance: 2665, 2645
Supporting Area: 2633, 2615
Note:
Target 1: 2633
Target 2: 2595
Stop Loss: 2675
Kindly like, comment and follow.
Thanks for supporting us.
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