GOLD Next Move M30 Tuesday (10/8/24)
Hello traders!
On Monday, prices remained range-bound, not breaking any highs or lows. For Tuesday, the current price is 2642, and it may drop to a strong buying zone before rising to the trend line at 2655, which has been respected twice before. If this level is broken upwards, we'll monitor two more zones above it. The first is a weak resistance zone at 2662-2664, which the market may break easily. However, the second zone at 2668-2672 is a strong selling zone, where prices may experience fake breakouts to trap sellers, but sellers currently have more power than buyers. If prices don't break the 2655 level, we may see a potential sell-off to 2628.
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Note: This is for educational purposes only, so please do your own analysis before making trades!
i will update this idea a soon as i see a good trade!
On Monday, prices remained range-bound, not breaking any highs or lows. For Tuesday, the current price is 2642, and it may drop to a strong buying zone before rising to the trend line at 2655, which has been respected twice before. If this level is broken upwards, we'll monitor two more zones above it. The first is a weak resistance zone at 2662-2664, which the market may break easily. However, the second zone at 2668-2672 is a strong selling zone, where prices may experience fake breakouts to trap sellers, but sellers currently have more power than buyers. If prices don't break the 2655 level, we may see a potential sell-off to 2628.
Please follow me or like this idea!
Note: This is for educational purposes only, so please do your own analysis before making trades!
i will update this idea a soon as i see a good trade!
Note
as i said before if price didnt continue to go up it will come down to 2628 and i came and again boom up from there now if price breaks 45 we may see it going to 2655 then again a potential sell
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