This chart of GOLD (XAUUSD) highlights a key resistance zone (marked in red) that has proven challenging for the price to break. The price is currently testing this ceiling and shows potential for a downward correction.
Key observations:
Resistance Zone: Around the 2740-2780 area, indicating significant selling pressure.
Trendline Support: A strong ascending trendline suggests a potential support level during the expected correction.
Projection: The price is anticipated to reject from the resistance zone, heading downward toward the trendline or key support levels.
This setup implies a short-term bearish correction before potential bullish continuation, depending on how the price interacts with the trendline support.
Key observations:
Resistance Zone: Around the 2740-2780 area, indicating significant selling pressure.
Trendline Support: A strong ascending trendline suggests a potential support level during the expected correction.
Projection: The price is anticipated to reject from the resistance zone, heading downward toward the trendline or key support levels.
This setup implies a short-term bearish correction before potential bullish continuation, depending on how the price interacts with the trendline support.
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✅ Provide Gold And All Pair Signals
✅ Minimum 1000 to 1500 Pips Weekly Target
✅ 97% Accuracy
✅ Account Management Service Available/Profit Share 50/50
t.me/FOREX_BRIGHT_FUTURE1
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.
✅ ✅ Perfect Signals Provider With 90% Accuracy
✅ Provide Gold And All Pair Signals
✅ Minimum 1000 to 1500 Pips Weekly Target
✅ 97% Accuracy
✅ Account Management Service Available/Profit Share 50/50
t.me/FOREX_BRIGHT_FUTURE1
✅ Provide Gold And All Pair Signals
✅ Minimum 1000 to 1500 Pips Weekly Target
✅ 97% Accuracy
✅ Account Management Service Available/Profit Share 50/50
t.me/FOREX_BRIGHT_FUTURE1
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.