Lower Timeframes and Plan B
Based on previous daily analysis, the 3075 and 3000 levels are key levels in the lower timeframe. It is anticipated that a breakout of the 3075 level will lead to an upward trend. However, if the 3000 level is broken, the bearish target at 2960 will become active.
Mathematical Analysis:
3000 level: This level is considered a key support. If the price breaks this level, a bearish move towards 2960 will begin.
2960 level: If this level is also broken, the price could move towards 2890 and 2820.
The targets mentioned in the daily analysis remain valid with a time delay. This analysis is based on mathematical principles and key level analysis in the gold market.
Based on previous daily analysis, the 3075 and 3000 levels are key levels in the lower timeframe. It is anticipated that a breakout of the 3075 level will lead to an upward trend. However, if the 3000 level is broken, the bearish target at 2960 will become active.
Mathematical Analysis:
3000 level: This level is considered a key support. If the price breaks this level, a bearish move towards 2960 will begin.
2960 level: If this level is also broken, the price could move towards 2890 and 2820.
The targets mentioned in the daily analysis remain valid with a time delay. This analysis is based on mathematical principles and key level analysis in the gold market.
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.
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.