Hello Traders! 👋
What are your thoughts on GOLD?
Gold continues to trade in a range-bound and choppy structure, showing back-and-forth movement with no clear directional bias in the short term.
In the current zone, price is trapped between channel resistance and key support, and a breakout from either side will determine the next strong move.
We expect gold to form a short-term upward correction toward the upper boundary of the descending channel and the resistance zone.
Once price reaches this area, a bearish rejection is likely, leading to a continuation of the downward trend toward lower support levels.
If gold breaks below the 4050 support zone and the daily candle closes below this zone,
this will confirm further downward continuation without any bullish pullback, signaling a stronger bearish wave.
As long as gold remains below the resistance zone and channel top, the short-term bias stays bearish.
Any upward movement is likely to be corrective, providing a potential setup for continuation to the downside.
Don’t forget to like and share your thoughts in the comments! ❤️
What are your thoughts on GOLD?
Gold continues to trade in a range-bound and choppy structure, showing back-and-forth movement with no clear directional bias in the short term.
In the current zone, price is trapped between channel resistance and key support, and a breakout from either side will determine the next strong move.
We expect gold to form a short-term upward correction toward the upper boundary of the descending channel and the resistance zone.
Once price reaches this area, a bearish rejection is likely, leading to a continuation of the downward trend toward lower support levels.
If gold breaks below the 4050 support zone and the daily candle closes below this zone,
this will confirm further downward continuation without any bullish pullback, signaling a stronger bearish wave.
As long as gold remains below the resistance zone and channel top, the short-term bias stays bearish.
Any upward movement is likely to be corrective, providing a potential setup for continuation to the downside.
Don’t forget 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
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.