GOLD WILL FALL
hello guys welcome to the new week
lets start new analysis .
after a bullish movement again gold reach to the 2725 strong resistance level
the price rejected from this level many time.in long term gold is bullish but in short time i expect gold fall again
Price Action: The price is near the resistance level at 2724.31. If it breaks above this level, further upward movement is likely, targeting higher resistance levels. If it fails to break this resistance, a pullback or short-term downtrend might occur. Indicators: RSI (14): At 64.21, it shows that the market is nearing overbought territory but is not yet in the danger zone. If it crosses above 70, a correction becomes more likely. Stochastic (5,3,3): At 80.97, it indicates overbought conditions.
lets start new analysis .
after a bullish movement again gold reach to the 2725 strong resistance level
the price rejected from this level many time.in long term gold is bullish but in short time i expect gold fall again
Price Action: The price is near the resistance level at 2724.31. If it breaks above this level, further upward movement is likely, targeting higher resistance levels. If it fails to break this resistance, a pullback or short-term downtrend might occur. Indicators: RSI (14): At 64.21, it shows that the market is nearing overbought territory but is not yet in the danger zone. If it crosses above 70, a correction becomes more likely. Stochastic (5,3,3): At 80.97, it indicates overbought conditions.
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.