📊#XAU Is it about to reverse its downtrend?
🧠From a structural perspective, the downtrend remains intact, and a bullish structure of the same timeframe has not yet formed. Therefore, it's too early to determine if the market has reversed its downtrend. This is unless we successfully break through the high of 4203 (H) to form a bullish structure of the same timeframe!
➡️If we do form a bullish structure of the same timeframe, then the $4400-$4500 area is a key medium-term resistance zone to watch!
➡️We have successfully broken through the downtrend line, so when the price retests this line, it will act as support. Therefore, we can look for bullish signals here.
⚠️If we continue to consolidate sideways to weaken the support of the yellow support zone, then the momentum for further upward movement will weaken!
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GOLD
🧠From a structural perspective, the downtrend remains intact, and a bullish structure of the same timeframe has not yet formed. Therefore, it's too early to determine if the market has reversed its downtrend. This is unless we successfully break through the high of 4203 (H) to form a bullish structure of the same timeframe!
➡️If we do form a bullish structure of the same timeframe, then the $4400-$4500 area is a key medium-term resistance zone to watch!
➡️We have successfully broken through the downtrend line, so when the price retests this line, it will act as support. Therefore, we can look for bullish signals here.
⚠️If we continue to consolidate sideways to weaken the support of the yellow support zone, then the momentum for further upward movement will weaken!
🤜Follow me, and I will guide you through market changes. Remember to like💖 and share💬
GOLD Trade ist aktiv
#XAU Update
Approaching TP3 zone!
Please prepare to take profit!
Trade geschlossen: Ziel wurde erreicht
#XAU Update
TP3✔️
This trade has ended!
We also tried some short positions here to see if a short-term correction would occur.
Anmerkung
#XAU Update
The trigger reaction occurred, but the pullback was not as significant as expected.
We implemented risk management with a high probability of success, and this short trade ended at breakeven.
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💎Use WolfKing's exclusive invitation code to trade and gain VIP subscription access.
🔗 BITGET 👉wolf20👇
partner.bitget.fit/bg/wolfking20
🔗 BYBIT 👉WOLFKING👇
partner.bybit.com/b/wolfking
🔗 Binance 👉O3D948JZ👇
🔗 BITGET 👉wolf20👇
partner.bitget.fit/bg/wolfking20
🔗 BYBIT 👉WOLFKING👇
partner.bybit.com/b/wolfking
🔗 Binance 👉O3D948JZ👇
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.