Fakeout Possibility:
The price has sharply surged, but it may be a liquidity grab before a reversal.
If buyers fail to hold above the first support zone, a deeper drop could occur.
Resistance Strength:
The resistance zones above are historically strong, making a breakout difficult.
If momentum weakens before reaching the first target, a rejection is likely.
Potential Double Top Formation:
If price retests resistance without breaking, a double top pattern could form.
This could trigger a reversal towards the lower support levels.
Volume Confirmation:
If there is decreasing bullish volume as price climbs, it may indicate a false rally.
Strong bearish volume appearing at resistance would support a reversal
The price has sharply surged, but it may be a liquidity grab before a reversal.
If buyers fail to hold above the first support zone, a deeper drop could occur.
Resistance Strength:
The resistance zones above are historically strong, making a breakout difficult.
If momentum weakens before reaching the first target, a rejection is likely.
Potential Double Top Formation:
If price retests resistance without breaking, a double top pattern could form.
This could trigger a reversal towards the lower support levels.
Volume Confirmation:
If there is decreasing bullish volume as price climbs, it may indicate a false rally.
Strong bearish volume appearing at resistance would support a reversal
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IF YOU WANT TO KILL GOLD MARKET SO JOIN OUR CHANNEL NOW
TP AND SL DAILY 100% CONFIRM SIGNAL 0 ℅ RISK
t.me/Master_Of_Goldd
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.
t.me/Master_Of_Goldd
IF YOU WANT TO KILL GOLD MARKET SO JOIN OUR CHANNEL NOW
TP AND SL DAILY 100% CONFIRM SIGNAL 0 ℅ RISK
t.me/Master_Of_Goldd
IF YOU WANT TO KILL GOLD MARKET SO JOIN OUR CHANNEL NOW
TP AND SL DAILY 100% CONFIRM SIGNAL 0 ℅ RISK
t.me/Master_Of_Goldd
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.