Price has remained in a steady downtrend for quite some time, repeatedly respecting the descending trendline. Every attempt to move higher was rejected until price reached a key support zone and reacted strongly.
We then saw a clear breakout above the trendline, providing the first meaningful sign that the bearish structure may be starting to shift.
Right after the breakout, price pulled back into the support area.
If buyers continue to defend this zone and bullish momentum holds, I expect price to push higher toward 1.41500.
If the support zone breaks with strong bearish momentum, the entire idea will weaken. For now, however, buyers are stepping in exactly where they need to.
We then saw a clear breakout above the trendline, providing the first meaningful sign that the bearish structure may be starting to shift.
Right after the breakout, price pulled back into the support area.
If buyers continue to defend this zone and bullish momentum holds, I expect price to push higher toward 1.41500.
If the support zone breaks with strong bearish momentum, the entire idea will weaken. For now, however, buyers are stepping in exactly where they need to.
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המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.
If you want to follow the XAUUSD – Forex – Bitcoin market in a clear, easy-to-understand, and practical way, then my community is for you.
👉t.me/+eI88_T2fcIE0MTVl
👉t.me/+eI88_T2fcIE0MTVl
פרסומים קשורים
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.