GOLD/ BEARISH Scenario
Updated
Generally, the direction is a downtrend
Spot gold fell on Tuesday ahead of the Federal Reserve’s policy meeting as the market keenly awaited the U.S. central bank’s outlook for cues on the interest rate path in 2025.
Downtrend Side: The price continues its bearish trend and has closed the 4-hour candle in a bearish position. We should wait for either the 1-hour or 4-hour candle to close below the support level of 2640 to further confirm the bearish trend towards 2606 and 2566.
Uptrend Side: breaking above 2664 by closing 1H or 4H will rise more to get the 2701.
Tendency Keys: 2640
Spot gold fell on Tuesday ahead of the Federal Reserve’s policy meeting as the market keenly awaited the U.S. central bank’s outlook for cues on the interest rate path in 2025.
Downtrend Side: The price continues its bearish trend and has closed the 4-hour candle in a bearish position. We should wait for either the 1-hour or 4-hour candle to close below the support level of 2640 to further confirm the bearish trend towards 2606 and 2566.
Uptrend Side: breaking above 2664 by closing 1H or 4H will rise more to get the 2701.
Tendency Keys: 2640
Trade active
below 2640 will drop to 2606
about 4 Analysis per day.
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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
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