Gold
📌 🔻 Sell Scenario (If Price Stabilizes Below 2900)
Entry: Below 2885
Stop Loss: Above 2905
Target 1: 2855
Target 2: 2830
Target 3: 2800
Success Probability: 75% (High probability due to overbought conditions and strong resistance)
Summary
✅ Key Resistance Zone: 2942.65 - 2952.88
✅ Key Support Zone: 2850 - 2825
✅ Primary Scenario: Price correction towards 2850 - 2825 before continuing the uptrend
✅ Alternative Scenario: If 2942 breaks, a rise towards 2975 - 3000 is likely.
Entry: Below 2885
Stop Loss: Above 2905
Target 1: 2855
Target 2: 2830
Target 3: 2800
Success Probability: 75% (High probability due to overbought conditions and strong resistance)
Summary
✅ Key Resistance Zone: 2942.65 - 2952.88
✅ Key Support Zone: 2850 - 2825
✅ Primary Scenario: Price correction towards 2850 - 2825 before continuing the uptrend
✅ Alternative Scenario: If 2942 breaks, a rise towards 2975 - 3000 is likely.
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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.
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.