Hey, what's up Traders! I’ve been watching Gold closely, and it seems like we’re seeing a descending channel setup. After hitting the top, it’s now testing the lower boundary. If Gold can't hold this support level, we could see a nice downward move. The entry range I’m eyeing is around 3275-3295, with a stop loss just above at 3239.
The volume behind this move suggests we might see more selling pressure. If Gold breaks through the lower trendline, the downside move could gather more momentum. As always, let’s manage risk carefully, stay sharp, and watch the price action closely!
Disclaimer: This analysis is for educational purposes only. Please consult a financial advisor before making investment decisions.
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- 1st target: 3209
- 2nd target: 3160
- Final target: 3120
The volume behind this move suggests we might see more selling pressure. If Gold breaks through the lower trendline, the downside move could gather more momentum. As always, let’s manage risk carefully, stay sharp, and watch the price action closely!
Disclaimer: This analysis is for educational purposes only. Please consult a financial advisor before making investment decisions.
If you found this helpful? Don’t forget to like, share, and drop your thoughts in the comments below.
Note
Guy's please correct stop loss at 3339, typing errorTrade closed: stop reached
Rahul Pal (TradingView Moderator)
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Live Market Analysis on YouTube (8:45 AM - 3:30 PM): spf.bio/TArir
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Join Trading Community: realbullstrading.com
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Rahul Pal (TradingView Moderator)
Live Market Analysis on YouTube (8:45 AM - 3:30 PM): spf.bio/TArir
Free Telegram: spf.bio/c1lkb
Join Trading Community: realbullstrading.com
WhatsApp: wa.me/919560602464
Live Market Analysis on YouTube (8:45 AM - 3:30 PM): spf.bio/TArir
Free Telegram: spf.bio/c1lkb
Join Trading Community: realbullstrading.com
WhatsApp: wa.me/919560602464
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.