GOLD POSSIBLE REVERSAL
The price has been making higher highs and higher lows since late January. Momentum remains bullish, but signs of consolidation are visible. Price is currently stabilizing after a volatile move, suggesting indecision.
Bullish Entry: If price breaks above the recent highs (~2,870-2,875), we may see a continuation toward 2,900 , 2905 , 2911
Bearish Case: If price fails to break higher and drops below 2,850, it could trigger a correction toward 2,812-2,807 Previous liquidity zone, potential demand area further 2,734: Major bottom liquidity.
Bullish Entry: If price breaks above the recent highs (~2,870-2,875), we may see a continuation toward 2,900 , 2905 , 2911
Bearish Case: If price fails to break higher and drops below 2,850, it could trigger a correction toward 2,812-2,807 Previous liquidity zone, potential demand area further 2,734: Major bottom liquidity.
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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.