Earlier in the US trading session, the price of gold was trading around 2,935, around 21 SMS=A within a bullish trend channel formed in early February.
After a technical correction and reaching a high around 2,954, gold is now showing further signs of bullishness. We believe that if gold consolidates above 2,933 in the coming days, we can expect it to continue to...
Operation ideas:
First touch near 2940: If the gold price touches near 2940 for the first time after the opening of next week, you can consider participating in short orders with a light position, and the target is the two support levels of 2921 and 2916 below.
Strong support near 2920: If the gold price shows strong support near 2920, you can consider going...
📉 Sell Entry: Below 96,000
🎯 Target 1: 94,603
🎯 Target 2: 93,641
🚨 Stop Loss: 97,780
⚠ Confirmation: If the price breaks below 95,665, further decline is expected.
🔎 Analysis: The chart shows a bearish trend and a drop to 93,641 area is possible. Resistance is around 97,000, so it is a strong level to set the stop loss.
Bitcoin is still fluctuating and has not yet broken out of the consolidation zone. As long as the price does not close above the resistance level, we cannot expect further gains.
Here are two possible scenarios:
1. Bullish scenario: If the price successfully breaks out of the resistance level and closes above it, we can expect the uptrend to continue.
2....
Support Zones: BTC has bounced from QML1 (~$95,500) after testing it as support. A deeper retracement to QML2 (~$94,400) is also possible if the current level fails.
Two Potential Scenarios:
Bullish Scenario: If BTC holds above QML1, it could continue its upward momentum toward $98,778, breaking previous highs.
Bearish Scenario: If BTC loses support at QML1, a...
