GOLD| STRONG BULLISH TREND
The price has broken the previous high level, stabilized above it, and continued to rise, reaching a new high. It is currently trading toward our next target at 2975. The price action indicates strong bullish momentum, supported by multiple higher lows and sustained buying pressure.
There was a brief rejection at a resistance zone near 2936, where sellers attempted to push the price down, but buyers regained control, driving it back up. This suggests that demand remains strong despite short-term pullbacks. The price is currently forming a structure that could lead to another rally, with minor retracements providing opportunities for accumulation.
However, sudden declines from high levels remain a possibility.
Tendency Keys: 2938
Resistance Line: 2975
Support Line: 2936, 2908, 2880
There was a brief rejection at a resistance zone near 2936, where sellers attempted to push the price down, but buyers regained control, driving it back up. This suggests that demand remains strong despite short-term pullbacks. The price is currently forming a structure that could lead to another rally, with minor retracements providing opportunities for accumulation.
However, sudden declines from high levels remain a possibility.
Tendency Keys: 2938
Resistance Line: 2975
Support Line: 2936, 2908, 2880
about 4 Analysis per day.
With Clear entry point and target line with stopout zone
~900 pips per week —— Accuracy more than 88%
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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.