Gold next movement
Breakdown of Potential Price Movement:
1. Bullish Scenario (Green Path):
If price breaks above the current resistance area (~2,920-2,925), it could move toward the major resistance at ~2,940.
This would result in a potential upside of about 20-25 USD from the breakout point.
2. Bearish Scenario (Red Path):
If price fails to hold the support (~2,910-2,915), it could drop toward the strong support at ~2,880.
This would result in a potential downside of about 30-35 USD from the breakdown point.
1. Bullish Scenario (Green Path):
If price breaks above the current resistance area (~2,920-2,925), it could move toward the major resistance at ~2,940.
This would result in a potential upside of about 20-25 USD from the breakout point.
2. Bearish Scenario (Red Path):
If price fails to hold the support (~2,910-2,915), it could drop toward the strong support at ~2,880.
This would result in a potential downside of about 30-35 USD from the breakdown point.
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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.
Trade XAU/USD with expert signals Join World Expert Trading for reliable, profitable Gold trading insights Start now [t.me/WorldExpertTrading1]
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.