Gold Price Analysis: Bullish Reversal After Key Level Hunt
hello guys!
Gold recently broke out of a rising channel and experienced a sharp decline, hunting liquidity and touching a key flip area. This level acted as strong support, triggering a rebound.
Now, the price is attempting to form a higher low, and two bullish scenarios are in play:
A break above 2,768 would confirm bullish continuation.
Gold recently broke out of a rising channel and experienced a sharp decline, hunting liquidity and touching a key flip area. This level acted as strong support, triggering a rebound.
Now, the price is attempting to form a higher low, and two bullish scenarios are in play:
- A direct bounce from the current level leads to a retest of the 2,768 resistance.
- A deeper pullback into the liquidity zone before pushing back up to the same resistance.
A break above 2,768 would confirm bullish continuation.
Trade closed: target reached
the target area touched!
I hope you got it!
👉 my broker:: bit.ly/HYMCMELI
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telegram channel: t.me/melikatrader94
forex telegram channel: t.me/melikatrader94GoldForex
____
telegram channel: t.me/melikatrader94
forex telegram channel: t.me/melikatrader94GoldForex
Related publications
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.
👉 my broker:: bit.ly/HYMCMELI
____
telegram channel: t.me/melikatrader94
forex telegram channel: t.me/melikatrader94GoldForex
____
telegram channel: t.me/melikatrader94
forex telegram channel: t.me/melikatrader94GoldForex
Related publications
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.