Given the behavior of the index in the current resistance range, it is expected that the upward trend will continue.Otherwise, the correction trend will continue to the specified support levels.
The correction trend is expected to continue to the specified support levels. Then there is a possibility of a trend change and the start of an upward trend.
Given the index's behavior within the current resistance range, possible scenarios have been identified. As long as the index does not consolidate above the resistance range, the downward trend is likely to continue.
The price is expected to fluctuate above the current support area and then we will see the start of the upward trend. If the price penetrates the support area, a downward trend is likely to form. It seems that the recent long-term bullish wave in gold is coming to an end.
The price is expected to stabilize above the current support area and then continue the upward trend. If the price breaks through the green support area, the downward trend is likely to continue to the next support levels.
The price is expected to consolidate above the current support area. Then there is a possibility of the upward trend starting. A break of the green support area will cause the price to decline.
The price is expected to advance to the green resistance area. Then there is a possibility of the correction pattern ending and the downtrend starting.
Given the behavior of the index in the current resistance range, possible scenarios have been identified. The index is expected to consolidate above the resistance range and the resistance trend line, then the continuation of the upward trend will take place.
The price is expected to fluctuate within the current support range. Then, with consolidation above the red support range, the continuation of the upward trend is likely.
The downtrend is expected to continue until the specified support levels are formed. Then there is a possibility of a trend change.
The price is approaching the resistance level. A trend change is expected to occur at this level. The $3,400 and $3,500 levels could be the trend reversal levels.
The downtrend could end at the support level and also by hitting the support trend line.
The upward trend is expected to end at the resistance levels. Then the start of a correction wave is likely.