Gold
📉Probability of a Drop from 2912:
🔹 In lower timeframes (15m to 1h): 70% probability of a downward correction at least to 2887.
🔹In higher timeframes (4H to Daily): 50% probability of a deeper decline towards 2860.
🔹 If 2912 is broken and price stabilizes above it:** The probability of an upward move to 2940 increases.
📌 Summary:
If the price breaks and stabilizes above 2912, the upward trend is likely to continue. However, if it gets rejected at this level, a downward correction towards 2887 and even 2860 may occur.
🔹 In lower timeframes (15m to 1h): 70% probability of a downward correction at least to 2887.
🔹In higher timeframes (4H to Daily): 50% probability of a deeper decline towards 2860.
🔹 If 2912 is broken and price stabilizes above it:** The probability of an upward move to 2940 increases.
📌 Summary:
If the price breaks and stabilizes above 2912, the upward trend is likely to continue. However, if it gets rejected at this level, a downward correction towards 2887 and even 2860 may occur.
Trade closed: target reached
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.