Gold Price Action Outlook | March 24th - 26th
As we approach the new trading week, gold's price action presents three probable scenarios for Monday through Wednesday. At this stage, without confirmed market movement, these scenarios represent the most accurate forecast based on current market structure.
🔹 Scenario 1 (Red): Bullish Continuation – If buyers remain in control, we could see a break above key resistance levels, leading to further upside momentum.
🔹 Scenario 2 (Blue): Range-bound Consolidation – Price may establish a temporary range as market participants await key catalysts. This would suggest indecision and require further confirmation before a directional move.
🔹 Scenario 3 (Yellow): Bearish Reversal – If sellers step in at resistance, gold could retrace to test lower support levels, possibly setting up a short-term pullback.
As the week progresses, price action will provide more clarity on which scenario is unfolding. By Wednesday, I’ll share refined trade ideas with entry, exit, and stop-loss ideas based on confirmed movements.
For now, stay patient and watch how the market structure develops. Which scenario do you think is most likely? Let me know in the comments!
📌 Disclaimer: This post is for informational and educational purposes only and does not constitute financial advice. Always conduct your own research and consult a professional before making any trading decisions.
#Gold #XAUUSD #Trading #Forex #TechnicalAnalysis #PriceAction
As we approach the new trading week, gold's price action presents three probable scenarios for Monday through Wednesday. At this stage, without confirmed market movement, these scenarios represent the most accurate forecast based on current market structure.
🔹 Scenario 1 (Red): Bullish Continuation – If buyers remain in control, we could see a break above key resistance levels, leading to further upside momentum.
🔹 Scenario 2 (Blue): Range-bound Consolidation – Price may establish a temporary range as market participants await key catalysts. This would suggest indecision and require further confirmation before a directional move.
🔹 Scenario 3 (Yellow): Bearish Reversal – If sellers step in at resistance, gold could retrace to test lower support levels, possibly setting up a short-term pullback.
As the week progresses, price action will provide more clarity on which scenario is unfolding. By Wednesday, I’ll share refined trade ideas with entry, exit, and stop-loss ideas based on confirmed movements.
For now, stay patient and watch how the market structure develops. Which scenario do you think is most likely? Let me know in the comments!
📌 Disclaimer: This post is for informational and educational purposes only and does not constitute financial advice. Always conduct your own research and consult a professional before making any trading decisions.
#Gold #XAUUSD #Trading #Forex #TechnicalAnalysis #PriceAction
PhoenixFXTeam, your ethical trading partner
t.me/PhoenixFXPublic
Contact us here: contact@pfxteam.com
t.me/PhoenixFXPublic
Contact us here: contact@pfxteam.com
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.
PhoenixFXTeam, your ethical trading partner
t.me/PhoenixFXPublic
Contact us here: contact@pfxteam.com
t.me/PhoenixFXPublic
Contact us here: contact@pfxteam.com
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.