Gold Spot / U.S. DollarUpdated THE KOG PERORT - UPDATE
O Description
Resistance Zones (Red Boxes):
Several red box resistance areas are marked, indicating price levels where selling pressure has historically emerged.
The most active resistance is around $2,927 - $2,932.
The price is currently testing a lower resistance zone around $2,914 - $2,918.
Support Zones (Red Box Support):
There is a strong support level around $2,902.
The price has bounced multiple times from lower supports, showing buying strength.
Price Action & Projection:
The price is fluctuating within the $2,910 - $2,918 range.
A bullish bounce is anticipated if price respects the $2,910 support, leading to another test of the $2,918 resistance.
A breakdown below $2,910 could push price towards the next support near $2,902.
Possible Trading Scenarios:
📈 Bullish Scenario:
If price holds above $2,910, a push toward $2,918 and possibly $2,927 is likely.
Breakout above $2,927 could open doors for $2,932+.
📉 Bearish Scenario:
If price fails to hold $2,910, a drop to $2,902 support could occur.
A breakdown below $2,902 may trigger further downside momentum.
This analysis suggests traders should watch key resistance at $2,918 and support at $2,910 for potential breakouts or reversals. 🚀📉
Resistance Zones (Red Boxes):
Several red box resistance areas are marked, indicating price levels where selling pressure has historically emerged.
The most active resistance is around $2,927 - $2,932.
The price is currently testing a lower resistance zone around $2,914 - $2,918.
Support Zones (Red Box Support):
There is a strong support level around $2,902.
The price has bounced multiple times from lower supports, showing buying strength.
Price Action & Projection:
The price is fluctuating within the $2,910 - $2,918 range.
A bullish bounce is anticipated if price respects the $2,910 support, leading to another test of the $2,918 resistance.
A breakdown below $2,910 could push price towards the next support near $2,902.
Possible Trading Scenarios:
📈 Bullish Scenario:
If price holds above $2,910, a push toward $2,918 and possibly $2,927 is likely.
Breakout above $2,927 could open doors for $2,932+.
📉 Bearish Scenario:
If price fails to hold $2,910, a drop to $2,902 support could occur.
A breakdown below $2,902 may trigger further downside momentum.
This analysis suggests traders should watch key resistance at $2,918 and support at $2,910 for potential breakouts or reversals. 🚀📉
Trade active
Resistance Levels: Watching key resistance at $2,918 and $2,927. A breakout above could push price towards $2,932+.
Support Levels: Critical support at $2,910 and $2,902. A breakdown below may trigger further downside.
Market Outlook: Price is consolidating; a bullish bounce from support or a bearish breakdown will determine the next move.
Trade Plan: Monitor price action around $2,910 - $2,918 for potential breakout or rejection signals.
Trade closed: target reached
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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.
join telegram channel free..
t.me/forex_signal_dollarsman
Forex Gold & Crypto signals with detailed analysis & get consistent results..
t.me/forex_signal_dollarsman
Forex Gold & Crypto signals with detailed analysis & get consistent results..
Related publications
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.