Gold is in an uptrend, moving within a rising channel. If it breaks above resistance around 2,937, it may continue higher toward 2,975–3,000. A rejection could lead to a pullback. Volume supports the bullish momentum.
1. Trend: Gold is moving in an upward channel, showing both buying and selling pressure. 2. Support & Resistance: Support: 2,900-2,910 (strong buying area). Resistance: 2,940-2,950 (selling pressure zone). 3. Volume: More buyers when price goes up. Less selling pressure when price goes down. 4. Trading Plan: Buy near 2,900-2,910 (if price stays above...
We are observing gold got 2 times reversal from trend line. Currently it is at same trend line. Observe deeply when market will open if it open below the trend line we may see 2800 but if if it open above trend line then it will make new ATH.