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! ❤️
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Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.
✅MY FREE FOREX &CRYPTO SIGNALS TELEGRAM CHANNEL:
t.me/+1gFAIO4CJJw3NTU0
✅ MY INSTAGRAM :
instagram.com/marketanalaysis
t.me/+1gFAIO4CJJw3NTU0
✅ MY INSTAGRAM :
instagram.com/marketanalaysis
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.