Gold
做多

Market next move

92

🔍 1. Weak Confirmation for Target Level

The marked "TARGET" area lacks strong technical confirmation such as:

Resistance zone retest.

Fibonacci level confluence.

Moving average alignment.


Without solid technical backing, this target may appear speculative.



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📉 2. Bearish Momentum is Strong

The last few candles show strong red (bearish) momentum.

The price has broken short-term support levels (e.g., local lows from the 29th).

Volume is increasing on bearish candles, signaling strong selling pressure.

Setting a bullish target while in a bearish momentum phase might be premature.



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🕒 3. Timeframe Limitations

This is a 1-hour chart, which is more prone to noise and false signals.

Higher timeframes (like 4H or Daily) should be checked to validate this upward target.

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