GOLD WILL DROP AGAIN
Hello my fellow traders! kindly share your opinion about this analysis.
Date: 10 January 2025
Current Price: 2682
Gold market is moving below higher high which position is currently showing resistance. Market after hitting higher high and lower low h4 has created a triangular pattern which indicates a strong sell retracement area. Now from this area market's target will be 2653 and after breaking this position its next target will be 2626.
Market is over bought strong retracement is expected.
Key Points:
Resistance: 2686, 2693
Supporting Area: 2653, 2626
Note:
Target 1: 2653
Target 2: 2626
Stop Loss: 2705
Kindly like, comment and follow for latest updates and analysis on Gold.
Date: 10 January 2025
Current Price: 2682
Gold market is moving below higher high which position is currently showing resistance. Market after hitting higher high and lower low h4 has created a triangular pattern which indicates a strong sell retracement area. Now from this area market's target will be 2653 and after breaking this position its next target will be 2626.
Market is over bought strong retracement is expected.
Key Points:
Resistance: 2686, 2693
Supporting Area: 2653, 2626
Note:
Target 1: 2653
Target 2: 2626
Stop Loss: 2705
Kindly like, comment and follow for latest updates and analysis on Gold.
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