Hello Traders! 👋
What are your thoughts on Gold?
Gold, after breaking its ascending trendline and exiting the wedge pattern, and failing to break and hold above the 4,850 resistance zone, came under selling pressure as expected and continued its decline.
Going forward, we expect the price to experience some short-term consolidation or corrective movement around current levels, followed by a continuation of the bearish trend toward lower support zones.
As long as the price remains below this resistance area, the bearish scenario remains dominant, and our outlook continues to favor further downside.
⚠️ Additionally, we have the FOMC meeting scheduled for tomorrow night, which could trigger increased volatility in the market. Be cautious and make sure to apply proper risk management.
Feel free to like and share your thoughts in the comments! ❤️
What are your thoughts on Gold?
Gold, after breaking its ascending trendline and exiting the wedge pattern, and failing to break and hold above the 4,850 resistance zone, came under selling pressure as expected and continued its decline.
Going forward, we expect the price to experience some short-term consolidation or corrective movement around current levels, followed by a continuation of the bearish trend toward lower support zones.
As long as the price remains below this resistance area, the bearish scenario remains dominant, and our outlook continues to favor further downside.
⚠️ Additionally, we have the FOMC meeting scheduled for tomorrow night, which could trigger increased volatility in the market. Be cautious and make sure to apply proper risk management.
Feel free to like and share your thoughts in the comments! ❤️
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✅MY FREE FOREX &CRYPTO SIGNALS TELEGRAM CHANNEL:
t.me/+1gFAIO4CJJw3NTU0
✅MY INSTAGRAM:
instagram.com/marketanalaysis
t.me/+1gFAIO4CJJw3NTU0
✅MY INSTAGRAM:
instagram.com/marketanalaysis
Verbundene Veröffentlichungen
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.