Gold Spot / U.S. Dollar
Updated

THE KOG PERORT - UPDATE

76
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. 🚀📉
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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snapshot

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