Hello Traders! 👋
What are your thoughts on GOLD?
Gold is once again moving toward its previous all-time high after completing a corrective move.
While the medium-term and long-term outlook remains bullish, we do not expect gold to break into new highs in the short term.
The current upward movement appears to be a corrective rally, and we anticipate a bearish reaction from the marked resistance zones.
Gold is currently moving within a channel, and the maximum upside expectation in this phase is a move toward the channel top, which also aligns with the previous all-time high resistance zone.
From this confluence area, we expect the rally to stall and a pullback toward lower support levels to begin.
If gold breaks above the channel top and prints a new all-time high, this analysis becomes invalid, signaling stronger bullish momentum than anticipated.
Don’t forget to like and share your thoughts in the comments! ❤️
What are your thoughts on GOLD?
Gold is once again moving toward its previous all-time high after completing a corrective move.
While the medium-term and long-term outlook remains bullish, we do not expect gold to break into new highs in the short term.
The current upward movement appears to be a corrective rally, and we anticipate a bearish reaction from the marked resistance zones.
Gold is currently moving within a channel, and the maximum upside expectation in this phase is a move toward the channel top, which also aligns with the previous all-time high resistance zone.
From this confluence area, we expect the rally to stall and a pullback toward lower support levels to begin.
If gold breaks above the channel top and prints a new all-time high, this analysis becomes invalid, signaling stronger bullish momentum than anticipated.
Don’t forget to like and share your thoughts in the comments! ❤️
✅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.
✅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.