Gold Insights: Market Update
Updated
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◉ Greetings everyone, previous analyses have closed as we have taken all the movements. Now, I would say we are at the final crossroads. Short reactions continue even with rising lows. We are ready for strong and fast movements, still on new highs within a distributive/accumulative range. As long as we remain around 2184 with rising lows (see attached previous analysis with updates), it can try to reach the maximum again. From my perspective, we will move into the upper selling zone (levels indicated on the chart, red dashed lines throughout the area) and then initiate a significant short!
◉ So, those who are long from previous levels can wait for the long reaction from 2184 to see if it pushes for new highs. Because if it wants to achieve them, it won't provide a short evaluation at the indicated highs. You shouldn't even see those zones with a significant impulse. Otherwise, if the price is blocked below, prepare to evaluate!
◉ Greetings everyone, previous analyses have closed as we have taken all the movements. Now, I would say we are at the final crossroads. Short reactions continue even with rising lows. We are ready for strong and fast movements, still on new highs within a distributive/accumulative range. As long as we remain around 2184 with rising lows (see attached previous analysis with updates), it can try to reach the maximum again. From my perspective, we will move into the upper selling zone (levels indicated on the chart, red dashed lines throughout the area) and then initiate a significant short!
◉ So, those who are long from previous levels can wait for the long reaction from 2184 to see if it pushes for new highs. Because if it wants to achieve them, it won't provide a short evaluation at the indicated highs. You shouldn't even see those zones with a significant impulse. Otherwise, if the price is blocked below, prepare to evaluate!
Note
Note
Price has broken through keylevel I think it will return to OB soon
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