GOLD → a possible bullish scenario
Updated
Hello guys.
- Bullish Trend: The chart shows an overall bullish trend with higher lows forming after a correction.
- Key Resistance Levels:
- QML (Quasimodo Level): A significant resistance zone that could influence the price movement.
- Engulfed Zone: Another resistance area where sellers previously took control.
- Support Level:
- Flip Area: A strong support zone where buyers stepped in to push the price back up.
- Potential Movement:
- The chart suggests a bullish projection, with potential targets around 2,452.55 USD
- Market Sentiment: The chart indicates a bullish bias, with the flip area being crucial for maintaining this outlook.
Overall, the chart suggests a bullish scenario with the potential for further upward movement, contingent on the price action around key resistance levels.
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✓✓✓ Always do your research.
❒❒❒ If you have any questions, you can write them in the comments below, and I will answer them.
❤︎ ❤︎ ❤︎And please don't forget to support this idea with your likes and comment
- Bullish Trend: The chart shows an overall bullish trend with higher lows forming after a correction.
- Key Resistance Levels:
- QML (Quasimodo Level): A significant resistance zone that could influence the price movement.
- Engulfed Zone: Another resistance area where sellers previously took control.
- Support Level:
- Flip Area: A strong support zone where buyers stepped in to push the price back up.
- Potential Movement:
- The chart suggests a bullish projection, with potential targets around 2,452.55 USD
- Market Sentiment: The chart indicates a bullish bias, with the flip area being crucial for maintaining this outlook.
Overall, the chart suggests a bullish scenario with the potential for further upward movement, contingent on the price action around key resistance levels.
___________________________
✓✓✓ Always do your research.
❒❒❒ If you have any questions, you can write them in the comments below, and I will answer them.
❤︎ ❤︎ ❤︎And please don't forget to support this idea with your likes and comment
Trade closed: target reached
please close half of your position here!Trade closed: target reached
final target touched
👉my recommended broker:
bit.ly/HYCM-M
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👉my recommended exchange:
bit.ly/LbankMelika
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My telegram channel:
t.me/melikatrader94
bit.ly/HYCM-M
__________
👉my recommended exchange:
bit.ly/LbankMelika
__________
My telegram channel:
t.me/melikatrader94
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