monday Gold Forming Base Structure With Bullish Projection
Price action is forming a base after a downward move, supported by a strong horizontal zone. The presence of a descending trendline adds confluence, making the current area important for direction.
The projected path suggests a short-term pullback into support followed by a continuation higher. This type of structure often leads to gradual expansion if the base remains intact.
If price holds above the lower zone, the upward scenario remains valid. A break below may result in extended consolidation before the next move.
Key Areas:
Base Support: 4658 – 4670
Reaction Zone: 4700 – 4720
Target Levels:
4750
4785
4815 – 4825
The projected path suggests a short-term pullback into support followed by a continuation higher. This type of structure often leads to gradual expansion if the base remains intact.
If price holds above the lower zone, the upward scenario remains valid. A break below may result in extended consolidation before the next move.
Key Areas:
Base Support: 4658 – 4670
Reaction Zone: 4700 – 4720
Target Levels:
4750
4785
4815 – 4825
Operación activa
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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.