SuMiTFX

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🔼 Bullish Case: • If price breaks and holds above the triangle, target zones are: • 3,346 – minor resistance. • 3,423 – swing high target. • 3,427+ – potential continuation zone. • RSI is currently mid-level (~40-50), which gives room to move up, if momentum builds. 🔽 Bearish Case: • If price rejects from the upper trendline and breaks below 3,285: • 3,243...

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The price is still within the channel, if break out of the channel then price while go upward, if nor it will continue down trend

SuMiTFX Updated 

Looking at the structure and trend the price is expected to move to the new high Fundamentally also Gold is expected to move up considering Banking issues, Inflation and Interest rates

SuMiTFX Updated 

This XAU/USD 1-hour chart shows a symmetrical triangle pattern forming, which typically signals a potential breakout as price compresses between converging trendlines Potential Scenarios: • Bullish Breakout: If the price breaks above the upper trendline (~3345–3350 area) with strong volume and RSI follow-through, the next targets could be: • Short-term:...

SuMiTFX Updated 

The structure resembles a descending triangle, but the lower trendline has a slight upward slope—this introduces wedge-like characteristics. • Price has broken below a previous support level and is now testing the lower boundary of the pattern. • This could lead to either a breakdown or a bullish reversal, depending on momentum and upcoming macro triggers.

SuMiTFX Updated 

charted a bearish descending channel The blue arrow indicates a likely continuation to the downside if this breakdown holds, especially since there’s no strong bullish rejection candle at support.

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Gold is trading inside a well-defined descending channel. Price recently tested the upper boundary of the channel and is currently at a key decision point. Key Observations: • 🔻 Bearish Scenario: If price fails to break and close above the channel resistance ($3,230), a rejection could lead to a move down towards the midline ($3,160), and possibly to the lower...

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price within the channel following the long term upward trend, multiple oppertunity available

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EURUSD broke looks like going for next trend of sell

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waiting for the upside breakout, still under sell trend expecting the support to break and go towards 1700 area

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Reviewing the chart, the price has to break the channel upwards to continue to the upward trend to next level

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Price trying to break above the channel, once broken should move to next record If not broken will keep within the range

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SuMiTFX

USDJPY bullish trend will continue, will have some corrections and keep going up

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as per the chart bullish trend will so come to a resistance area DXY to watch closely

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As shown in chart

SuMiTFX

As shown in the chart

SuMiTFX

As shown in chart