Alternative Disruptive Perspectives:
Bullish Continuation Instead of Reversal:
The current analysis suggests a drop after hitting resistance, but gold might break through resistance instead of reversing.
If gold sustains above $2,941 and breaks $2,992, it could target $3,020+ instead of falling.
A breakout confirmation would invalidate the bearish scenario.
Support Levels May Hold Stronger:
The projected decline assumes a clean break of key supports, but buyers may step in around $2,860 or $2,800, leading to a rebound.
If price action forms higher lows instead of lower lows, the bearish outlook weakens.
Fundamental Catalysts Could Favor Bulls:
Macroeconomic factors like inflation data, Fed policies, or geopolitical tensions might support gold prices instead of pushing them down.
A weakening dollar or dovish Fed stance could fuel further buying momentum.
Trend Structure Still Bullish:
The higher-timeframe trend remains intact, meaning that even if there’s a pullback, it could just be a correction before further upside
Bullish Continuation Instead of Reversal:
The current analysis suggests a drop after hitting resistance, but gold might break through resistance instead of reversing.
If gold sustains above $2,941 and breaks $2,992, it could target $3,020+ instead of falling.
A breakout confirmation would invalidate the bearish scenario.
Support Levels May Hold Stronger:
The projected decline assumes a clean break of key supports, but buyers may step in around $2,860 or $2,800, leading to a rebound.
If price action forms higher lows instead of lower lows, the bearish outlook weakens.
Fundamental Catalysts Could Favor Bulls:
Macroeconomic factors like inflation data, Fed policies, or geopolitical tensions might support gold prices instead of pushing them down.
A weakening dollar or dovish Fed stance could fuel further buying momentum.
Trend Structure Still Bullish:
The higher-timeframe trend remains intact, meaning that even if there’s a pullback, it could just be a correction before further upside
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Disclaimer
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t.me/Gold_trading_signals6
IF YOU WANT TO KILL GOLD MARKET SO JOIN OUR CHANNEL NOW
TP AND SL DAILY 100% CONFIRM SIGNAL 0 ℅ RISK
t.me/Gold_trading_signals6
IF YOU WANT TO KILL GOLD MARKET SO JOIN OUR CHANNEL NOW
TP AND SL DAILY 100% CONFIRM SIGNAL 0 ℅ RISK
t.me/Gold_trading_signals6
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.