XAUUSD hits 2762 Twice Keep on eye candle H1 on Monday wait until it stops. Because when it shifts to bullish side it will reach the 2762. Always wait it reaches 2762 before selling this bad boy. I hope I can make myself clear dear Friends.
XAUUSD trade ideas
GOLDOANDA:XAUUSD
After reaching the low level of the buy position
After reaching the high level of selling position
Consider your risk management before entering a trade.
This analysis is for informational purposes only and does not constitute investment advice.
All consequences of using this signal are at your own risk.
Gold Trade Plan-25/10/2024Dear Traders,
I've identified two potential scenarios for the completion of wave 4, and I'm leaning towards the second one. I'm looking for a buying opportunity to capture the final rally, specifically within the 2684-2700 range.
Dont Forget Like&Comment please !
Regards,
Alireza!
XAUUSD, 15-MINUTES TIMEFRAME CHARTXAUUSD, 15-minute timeframe chart
XAUUSD touched the support level of 2,734.00
General outlook
XAUUSD has been under selling pressure within the last day. The pair moved to the support level of 2,734.00.
Possible scenario
The best way to use this opportunity is to place a buy stop order at 2,736.
Set your stop loss at 2,727. below the previous low ($9.00 loss for 0.01 lot) and take profit at 2,788. ($52.00 profit for 0.01 lot).
The risk-reward ratio for this order is 1:1.
this idea for Monday use it on Monday hope we hit our target.
XAUUSD 3M 1. Elliott Wave Structure and Key Levels
Wave 5 Completion (2,747.14): The fifth wave peaks around $2,747.14, reaching a 1.618 extension, suggesting this could be a point of reversal. The formation of volume divergence at this level indicates potential weakness in bullish momentum, marking a critical level to watch for a possible trend change.
Wave 1 (Current Correction Phase): The chart shows a beginning corrective move from Wave 5, indicating an A-B-C structure may follow. This corrective phase could bring prices down to fill previous gaps and approach key support levels.
2. Wyckoff Phases and Distribution Structure
Phase A (Accumulation - $1,046.23 to $1,512.84): This phase includes a consolidation around the $1,046.23 low and forms the base before a significant rally. The Automatic Rally (AR) and Secondary Test (ST) suggest the end of Phase A and a potential upward shift in market sentiment.
Phase B (Mark Up and Distribution at Resistance): After accumulation, prices move up in a mark-up phase, testing the Resistance Line of BC Distribution. This area includes Upthrust (UT) and Upthrust After Distribution (UTAD), which are signs of potential distribution before a downtrend.
Phase C (Breakdown Expected): Phase C may involve the start of a downtrend from Wave 5, with price likely returning to lower levels for further testing. This phase includes the Sign of Weakness (SOW) and anticipates a retest of support near $1,512.84.
3. Fibonacci Levels
0.618 Retracement ($890.62): The 0.618 retracement level is marked as a strong support, below which price should not pass without invalidating the bullish wave structure. This level could act as a long-term support area during the corrective phase.
1.236 Extension ($2,369.74): The 1.236 level marks a significant potential reversal area for Wave 5. A move back to this level could signal the completion of a deeper pullback, possibly a key point of interest for traders looking for long-term entries.
4. Liquidity and Key Order Blocks
Liquidity Void: The chart highlights a liquidity void in the three-month time frame (3M), representing an area where price may revisit to fill previous inefficiencies. This void may act as a magnet, attracting price downward in the corrective phase.
Buy-Side Liquidity (BSL) Area: The Buy-Side Liquidity (BSL) near the recent highs represents a key area where stop losses and limit orders are likely concentrated. This region may experience volatility as larger players look to capitalize on retail stop losses.
5. Support and Resistance Lines
Resistance Line - BC Distribution ($1,720.00): The $1,720.00 level acts as a key resistance line in the distribution phase. A break above or below this level in Phase B may confirm the direction of the trend and could signal a shift in momentum.
Support Line - AR Distribution ($1,512.84): The $1,512.84 level serves as a critical support in the accumulation phase and may act as a bottom if the market revisits this area in the corrective structure.
6. Break of Structure (BOS) and Market Sentiment Shifts
BOS Wave 3 (12M): The Break of Structure (BOS) in Wave 3 on the 12-month chart signals a major structural shift, often indicating the end of one trend and the beginning of another. This point may see increased volatility and shifts in market sentiment.
BOS in Phase B (3M): The BOS within Phase B on the three-month time frame highlights potential points of interest for continuation or trend reversal. It indicates that a shift in sentiment may occur, influencing market participants to prepare for trend changes.
7. Dealing Ranges and Points of Control (POC)
Dealing Range (12M-3M): This range, marked at recent swing high and low levels, provides a boundary for price movement, with the Point of Control (POC) likely aligning with high-volume areas. The dealing range helps in identifying areas where price could consolidate or reverse.
Current Trend (Dealing Range for Wave 4): The range defined for Wave 4, including swing highs and lows, offers insight into the ongoing market structure. Observing price behavior within this range helps to gauge the momentum of the corrective wave.
8. Next Week’s Trading Plan
Primary Strategy: The corrective phase is expected to continue, with a probable downward move to fill liquidity voids and test lower support areas.
Key Target Levels:
Downside Targets: Monitor support around $1,720.00 (Resistance Line) and $1,512.84 (Support Line). These levels could provide entry points if price tests and holds as support.
Upside Targets: Watch for potential shorting opportunities if price retests resistance near the recent swing high at $2,747.14.
Risk Management: Stop-loss orders should be placed above recent highs around $2,800.00 to manage risk if there’s an unexpected upward move.
Volume and Price Action: Look for volume divergence or signs of weakness near resistance levels, especially around the 1.618 level ($2,747.14), as they could signal a trend reversal.
Summary of Key Points
Wave 5 likely completed at $2,747.14, with a corrective A-B-C structure now underway.
Wyckoff Distribution phase suggests further downside as Phase C unfolds, targeting key support levels.
Liquidity voids and POC levels act as magnets for price, which may revisit these areas during corrections.
The Resistance Line at $1,720.00 and Support Line at $1,512.84 are essential for tracking entry and exit points in line with the current downtrend.
Gold weekly summary and forecast 11/2/2024As expected in my last week's forecast, gold indeed touched upper end of the channel and dropped quickly and closed the week with a red candle.
I expect a few weeks' selling session is coming, if the channel is broken next week.
From 2d TF, bearish trend is not confirmed yet. I expect a head-shoulder pattern to form next week. So Monday we may see a quick drop to 2720 and reverse from there.
We could see a drop from 2760 on Wed onwards and close the week with strong red candle. Next week's low will be at least 2678.
Let's see what the market will give us.
Happy weekend and happy trading to all.
XAUUSD 12M 1. Elliott Wave Structure Overview
Wave 1 to Wave 5 (Impulse Waves): The chart outlines a classic five-wave impulse structure, indicating a long-term uptrend for XAU/USD. This sequence suggests a series of strong moves up, with each wave climbing to higher price levels.
Wave 5 Completion: The fifth wave appears to have reached its final stages, potentially signaling the invalidation extension above Wave 5 if the price moves higher than 3,187.83. This marks the end of the impulsive phase and could lead to a corrective phase (A-B-C pattern).
2. Corrective Phase (A-B-C Waves)
Wave A (Initial Decline): If Wave 5 is complete, we may see an initial decline in prices, marking the start of Wave A in the corrective phase. This move typically retraces the preceding impulse and could lead prices toward lower support levels.
Wave B (Corrective Rally): Wave B is often a short-lived rally within the larger downtrend and may present a false breakout or inducement for retail traders. This rally can lure traders into buying prematurely, only for the market to resume its decline.
Wave C (Continuation of Decline): Following Wave B, Wave C typically resumes the downtrend. This final corrective wave might present a significant buying opportunity as it reaches strong support levels, such as the Point of Control (POC) around the 1,400.00 area, a common zone of equilibrium in the market.
3. Key Fibonacci Levels and Their Importance
0.618 Retracement: Fibonacci retracement levels like 0.618 are crucial for identifying support zones during corrections. This level, marked at around 890.62, is annotated as MUST NOT PASS WAVE 1 INVALIDATION, indicating a strong support area in the corrective phase.
1.236 and 1.618 Extensions: The 1.236 and 1.618 Fibonacci extensions are key indicators of possible trend exhaustion. Specifically, 1.618 at 2,778.78 is noted as the potential maximum for Wave 5, signaling an area of volume divergence where momentum might start to weaken.
4. Volume Divergence and Implications
Divergence in Volume on Wave 5: A decrease in volume while prices continue rising (volume divergence) in Wave 5 implies that buyer momentum may be fading. This could be a signal of an upcoming reversal or correction phase, aligning with the start of Wave A in the corrective structure.
5. Break of Structure (BOS)
Key BOS Levels: Break of Structure (BOS) marks areas where the market structure changes direction, signaling potential trend shifts. For example, BOS MSS Wave 1 (12M) indicates a structural shift in the first wave that could influence future trend changes.
BOS in Wave 3 (Potential Trend Shift): The BOS in Wave 3 may guide the corrective phase. If these BOS levels hold, they serve as critical areas of support or resistance during corrections, guiding potential entry or exit points.
6. Price Levels of Interest
Point of Control (POC): The POC, a high-volume node around 1,400.00, represents a point of interest and a key equilibrium area. In corrective phases, prices often return to this level, serving as strong support and a potential buy zone.
Premium and Discount Zones: The chart uses premium and discount zones to signify favorable buying and selling areas. The discount zone reflects levels where prices are seen as relatively low, and a buy opportunity might arise. Conversely, the premium zone signals overbought conditions and potential sell opportunities.
7. Market Psychology and Retail Traps
Inducement and False Breakouts: Terms like inducement Wave 4 (12M) highlight areas where retail traders may be led to buy or sell at suboptimal times. The fake breakout in Wave 4 suggests that traders might be lured into taking long positions, only for the market to reverse downward.
Markup Phase (12M): The markup phase typically occurs when institutional players drive prices higher, accumulating positions at lower levels before pushing the market up. The return to the flip zone indicates where institutional interest often lies, triggering rallies as it becomes a point of interest.
8. Next Week’s Trading Plan
Based on the analysis above, here’s a structured plan:
Primary Strategy: Seek short-selling opportunities if the chart is entering Wave A of the corrective phase, with the expectation that the market may decline in the short term.
Target Levels:
Wave A Support Zone: Watch for reactions at the 0.618 retracement level, around 890.62, which is annotated as a must-not-pass zone for invalidation. This area could attract buying interest if the price dips.
Wave B Resistance Zone: If Wave B forms, consider this a temporary rally. Short positions might be ideal if the price reaches the premium zone, signaling overbought conditions.
Wave C Completion: Look for a significant buy zone if prices reach key levels, such as the Point of Control (POC) near 1,400.00, marked as a point of interest and equilibrium zone.
Risk Management: Place stop-loss orders above the invalidation extension above Wave 5 at 3,187.83 to control risk if the wave count is proven wrong.
Volume and Price Action: Monitor volume spikes and price action during corrective moves to confirm trend reversals or trend continuations.
Summary of Key Points
The analysis suggests that Wave 5 may have peaked, with a corrective A-B-C structure likely to follow.
The corrective phase provides potential sell opportunities in Wave A and B, while Wave C could mark an ideal buy zone.
Use premium and discount zones to identify favorable buying and selling areas, and watch for retail traps like inducement and false breakouts.
Equilibrium areas like the POC (around 1,400.00) serve as potential support zones for longer-term buy positions.
XAUUSD 3M 1. Elliott Wave Structure and Key Levels
Wave 5 Completion (2,747.14): The fifth wave peaks around $2,747.14, reaching a 1.618 extension, suggesting this could be a point of reversal. The formation of volume divergence at this level indicates potential weakness in bullish momentum, marking a critical level to watch for a possible trend change.
Wave 1 (Current Correction Phase): The chart shows a beginning corrective move from Wave 5, indicating an A-B-C structure may follow. This corrective phase could bring prices down to fill previous gaps and approach key support levels.
2. Wyckoff Phases and Distribution Structure
Phase A (Accumulation - $1,046.23 to $1,512.84): This phase includes a consolidation around the $1,046.23 low and forms the base before a significant rally. The Automatic Rally (AR) and Secondary Test (ST) suggest the end of Phase A and a potential upward shift in market sentiment.
Phase B (Mark Up and Distribution at Resistance): After accumulation, prices move up in a mark-up phase, testing the Resistance Line of BC Distribution. This area includes Upthrust (UT) and Upthrust After Distribution (UTAD), which are signs of potential distribution before a downtrend.
Phase C (Breakdown Expected): Phase C may involve the start of a downtrend from Wave 5, with price likely returning to lower levels for further testing. This phase includes the Sign of Weakness (SOW) and anticipates a retest of support near $1,512.84.
3. Fibonacci Levels
0.618 Retracement ($890.62): The 0.618 retracement level is marked as a strong support, below which price should not pass without invalidating the bullish wave structure. This level could act as a long-term support area during the corrective phase.
1.236 Extension ($2,369.74): The 1.236 level marks a significant potential reversal area for Wave 5. A move back to this level could signal the completion of a deeper pullback, possibly a key point of interest for traders looking for long-term entries.
4. Liquidity and Key Order Blocks
Liquidity Void: The chart highlights a liquidity void in the three-month time frame (3M), representing an area where price may revisit to fill previous inefficiencies. This void may act as a magnet, attracting price downward in the corrective phase.
Buy-Side Liquidity (BSL) Area: The Buy-Side Liquidity (BSL) near the recent highs represents a key area where stop losses and limit orders are likely concentrated. This region may experience volatility as larger players look to capitalize on retail stop losses.
5. Support and Resistance Lines
Resistance Line - BC Distribution ($1,720.00): The $1,720.00 level acts as a key resistance line in the distribution phase. A break above or below this level in Phase B may confirm the direction of the trend and could signal a shift in momentum.
Support Line - AR Distribution ($1,512.84): The $1,512.84 level serves as a critical support in the accumulation phase and may act as a bottom if the market revisits this area in the corrective structure.
6. Break of Structure (BOS) and Market Sentiment Shifts
BOS Wave 3 (12M): The Break of Structure (BOS) in Wave 3 on the 12-month chart signals a major structural shift, often indicating the end of one trend and the beginning of another. This point may see increased volatility and shifts in market sentiment.
BOS in Phase B (3M): The BOS within Phase B on the three-month time frame highlights potential points of interest for continuation or trend reversal. It indicates that a shift in sentiment may occur, influencing market participants to prepare for trend changes.
7. Dealing Ranges and Points of Control (POC)
Dealing Range (12M-3M): This range, marked at recent swing high and low levels, provides a boundary for price movement, with the Point of Control (POC) likely aligning with high-volume areas. The dealing range helps in identifying areas where price could consolidate or reverse.
Current Trend (Dealing Range for Wave 4): The range defined for Wave 4, including swing highs and lows, offers insight into the ongoing market structure. Observing price behavior within this range helps to gauge the momentum of the corrective wave.
8. Next Week’s Trading Plan
Primary Strategy: The corrective phase is expected to continue, with a probable downward move to fill liquidity voids and test lower support areas.
Key Target Levels:
Downside Targets: Monitor support around $1,720.00 (Resistance Line) and $1,512.84 (Support Line). These levels could provide entry points if price tests and holds as support.
Upside Targets: Watch for potential shorting opportunities if price retests resistance near the recent swing high at $2,747.14.
Risk Management: Stop-loss orders should be placed above recent highs around $2,800.00 to manage risk if there’s an unexpected upward move.
Volume and Price Action: Look for volume divergence or signs of weakness near resistance levels, especially around the 1.618 level ($2,747.14), as they could signal a trend reversal.
Summary of Key Points
Wave 5 likely completed at $2,747.14, with a corrective A-B-C structure now underway.
Wyckoff Distribution phase suggests further downside as Phase C unfolds, targeting key support levels.
Liquidity voids and POC levels act as magnets for price, which may revisit these areas during corrections.
The Resistance Line at $1,720.00 and Support Line at $1,512.84 are essential for tracking entry and exit points in line with the current downtrend.
GOLD 1H CHART ROUTE MAP & TRADING PLAN FOR THE WEEKHey Everyone,
Please see our updated 1h chart levels and targets for the coming week.
We are seeing candle body close above 2746 with gap above at 2752. Ema5 cross and lock will open the full range above. We also have 2736, as weighted Goldturn support and will need ema5 cross and lock on either weighted level to determine the next range.
We will see levels tested side by side until one of the weighted levels break and lock to confirm direction for the next range.
We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up.
We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we shared every week for the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends.
BULLISH TARGET
2746
EMA5 CROSS AND LOCK ABOVE 2746 WILL OPEN THE FOLLOWING BULLISH TARGET
2752
2762
BEARISH TARGETS
2736
EMA5 CROSS AND LOCK BELOW 2736 WILL OPEN THE RETRACEMENT RANGE
RETRACEMENT RANGE
2728 - 2720
EMA5 CROSS AND LOCK BELOW 2720 WILL OPEN THE SWING RANGE RANGE
SWING RANGE
2707 - 2692
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
GOLD WILL GO DOWN|SHORT|
✅GOLD broke the rising
Support, then made a pullback
And is going down again in
A long-awaited correction
So we are locally bearish
Biased and we will be
Expecting a further move down
SHORT🔥
✅Like and subscribe to never miss a new idea!✅
Gold Prices Dip as USD Rebounds Global gold prices continued their downward trend, with spot gold dropping by $11 to $2,736.5 per ounce, a decrease of $10.9 from yesterday morning.
The rebound of the US dollar exerted significant pressure on gold, causing the precious metal to lose 0.2% in a day after a 1.5% drop on Thursday. Consequently, the dollar regained its previous losses and climbed by 0.4%, making gold a less attractive option for investors.
Gold bulls are done or not yet?Here's an analysis of the XAU/USD (Gold vs. U.S. Dollar) chart based on price action strategy:
1. Trend Analysis:
The overall trend appears to be bullish, as seen from the series of higher highs and higher lows in the price structure.
Recently, there has been a pullback, as indicated by the bearish candles on the right side of the chart.
2. Liquidity Zones:
Liquidity Void: There are visible liquidity voids (highlighted in red) around the $2,750 level, suggesting areas where price may return to fill gaps left by large, impulsive moves.
Liquidity Grab Areas: The chart also shows areas marked as "liquidity" where stop orders may have been triggered. These regions are potential reversal or retracement zones.
3. Support and Resistance Levels:
Resistance Zone: Around $2,760, there is a resistance level, as seen from multiple rejections. A break above this level could indicate further bullish continuation.
Support Zone: The $2,735 - $2,740 range acts as a support area. A break below this level might lead to further downside, targeting the next support around $2,717.
4. Price Action Observations:
The recent red bearish candle indicates sellers are actively testing the support area.
If buyers step in at this support zone ($2,735 - $2,740), there could be a bounce, targeting the $2,760 resistance zone again.
Failure to hold above $2,735 could lead to a further decline, possibly aiming for the $2,717 level as a next support.
5. Bias:
Bullish Bias: As long as price remains above $2,735, the bias remains cautiously bullish, with a potential retest of $2,760 and possibly higher if this level breaks.
Bearish Scenario: If price breaks below $2,735 decisively, the bias shifts bearish, with a target around $2,717.
6. Potential Trade Ideas:
Long Position: Enter around $2,735 - $2,740 with a stop below $2,730, targeting $2,760 and beyond.
Short Position: If price breaks below $2,735, look for a retracement back to this level to confirm resistance before entering short, targeting $2,717.
Summary
In summary, the market is at a critical support level, and price action in the next few candles will confirm the direction. Holding above $2,735 suggests bullish continuation, while a break below favors a bearish move.
wait NEW ATH 2771 ! positive from the market XAU ⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Expectations of a more moderate rate cut by the Federal Reserve and concerns about deficit spending after the US election should help support US bond yields and the USD. Additionally, a positive sentiment in global equity markets is keeping Gold prices in check. Investors also appear cautious ahead of key US data releases this week, including the Advance Q3 GDP, PCE Price Index, and Nonfarm Payrolls (NFP) report.
⭐️Personal comments NOVA:
Break trendline H1 - buyers push the price to continue waiting for a new ATH in the near future at 2771
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: $2771 - $2773 SL $2778
TP1: $2765
TP2: $2750
TP3: $2740
🔥BUY GOLD zone: $2742 - $2739 SL $2735
TP1: $2750
TP2: $2760
TP3: $2771
⭐️Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY order.
⭐️NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
Gold can continues to grow inside upward channelHello traders, I want share with you my opinion about Gold. By observing the chart, we can see that the price a few moments ago started to grow inside the upward channel, where it at once rose to the resistance line and then made a correction movement. Next, the price continued to grow and later reached the resistance line of the channel again, which coincided with the current buyer zone, after which rebounded to the support line of the channel. Then Gold rebounded from this line to the resistance line of the upward channel, thereby breaking the 2605 support level, and also later exited from the channel. Price little grew and then started to decline, and in a short time fell to the support level. After this, Gold started to grow inside another upward channel, where it bounced from the support line and rose to the 2730 level. Price long time traded between this level, trying to break it, and later finally broke the 2730 level. After this, Gold rose to almost the resistance line of the channel, but not long time ago turned around and fell to the support area. At the moment, I think that the price can correct to support the line of the channel and then continue to grow inside the channel. For this reason, I set my TP at 2825 points, which coincides with the resistance line of the upward channel. Please share this idea with your friends and click Boost 🚀
next possible movewe enter in a buy again 2730 is best support level
1 TP 2748
2 TP 2762
3 TP 2782
4 TP 2797
GOLD CRT OUTLOOKIn this analysis we are focusing on 15M time frame for XAUUSD. I'm looking buy opportunity today. by using CRT concept. Let's delve deeper into these levels and potential outcomes.
Always use stoploss for your trade.
Always use proper money management and proper risk to reward ratio.
This is just my analyze or prediction.
#GOLD M15 Technical Analyze Expected Move.
GOLD BULLISH PROJECTION FOR NEXT WEEK Dear friend's and followers community, I present to you my humble GOLD ANALYSIS for new month and new week.
Wait for breakout and retest, then boom Place BUY
AGGRESSIVE BUY ON GOLD!Ladies and Gentlemen!
Please consider buying this aggressive entry on OANDA:XAUUSD
GOLD: Strong Bearish Bias! Sell!
Welcome to our daily GOLD prediction!
We made our analysis today using SMC and ICT trading theories, which, combined with our trading experience all point to the downside. So we are locally bearish biased and the target for the short trade is 2,747.621$
Wish you good luck in trading to you all!
GOLD SHORTING OPPURTUNITY NOV 1ST 2024"Gold has trapped buyers, closing below a key demand zone that also served as support on the 1-hour timeframe. To approach this setup strategically, let the price retrace to the 0.5 or 0.618 Fibonacci level. Avoid entering trades immediately as it reaches these levels; instead, wait for a clear formation of lower lows to confirm the setup.
Keep in mind that the recent support may now act as resistance, creating a possible reversal point. Additionally, a minor order block aligns with the 0.618 level on the 5-minute chart. Be thorough in checking all confirmations, and take the trade with a manageable stop loss. Keep your risk controlled, especially with the current market volatility.
If you found this insight helpful, don’t forget to like, follow, and comment for more trade logic!"
XAUUSDIf the analysis aligns with the market's actual direction, and the currency pair moves in the anticipated direction (up for a buy trade or down for a sell trade), the trade will likely yield a profit. The magnitude of the profit will depend on the size of the price movement, position size, and leverage used.
Strategic Insights for Today's NFP: Key Targets and Market MovesToday’s NFP Analysis:
NFP Target One: 2767
This level serves as our initial target for upward movement.
NFP Target Two: 2777
If the market holds strong, this is our next key resistance point.
NFP Target Three: 2781
This target represents a potential peak for today's trading session.
Important Note:
If the price moves downward, it may tap the level of 2735 before potentially bouncing back up. This could create an opportunity for a reversal.
trend xauusd#xauusd
The ascending gold channel is broken
The support range of 2760 is lost
It pulled back to this support and is currently moving towards 2740 and then 2715.
