GOLD| STABILIZE ABOVE 2907 MEANS UPTREND
The price is currently attempting to reach above 2934, a critical support level that could serve as a foundation for further bullish movement. If buyers manage to sustain this level, it will strengthen the potential for the price to push toward the next target at 2965.
However, the possibility of a temporary retracement remains, with 2907 acting as a key area where the price might revisit before continuing its upward trajectory. This level aligns with the previous structure and could provide a strong demand zone, allowing buyers to regain control.
The market structure remains bullish, characterized by consistent higher highs and higher lows, indicating that momentum is still intact. As long as buyers defend the 2934 region and prevent a deeper decline, the uptrend remains valid, with the potential for further gains.
Tendency Keys: 2934
Resistance Line 2934, 2965
Support Line: 2908, 2880, 2859
However, the possibility of a temporary retracement remains, with 2907 acting as a key area where the price might revisit before continuing its upward trajectory. This level aligns with the previous structure and could provide a strong demand zone, allowing buyers to regain control.
The market structure remains bullish, characterized by consistent higher highs and higher lows, indicating that momentum is still intact. As long as buyers defend the 2934 region and prevent a deeper decline, the uptrend remains valid, with the potential for further gains.
Tendency Keys: 2934
Resistance Line 2934, 2965
Support Line: 2908, 2880, 2859
Trade active
The price touched the previous high resistance level, as previously mentioned, but then reversed to form a correction. But if the correction continues until 2907, with price movement fluctuating between this level and the previous resistance. However, if the price stabilizes above the last high level, it is likely to rise further and establish a new high.
about 4 Analysis per day.
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With Clear entry point and target line with stopout zone
~900 pips per week —— Accuracy more than 88%
with best learning
Be Stronger With us
THANKS for your support
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.
about 4 Analysis per day.
With Clear entry point and target line with stopout zone
~900 pips per week —— Accuracy more than 88%
with best learning
Be Stronger With us
THANKS for your support
With Clear entry point and target line with stopout zone
~900 pips per week —— Accuracy more than 88%
with best learning
Be Stronger With us
THANKS for your support
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.