This chart indicates a bearish market structure, with further downside movement possible. Traders should monitor support and resistance zones carefully and look for confirmation before entering trades.
Above chart indicates a bearish market structure, with further downside movement possible. Traders should monitor Focus points and resistance zones carefully and look for confirmation before entering trades.
1. Resistance & Focus points:
2nd Resistance Zone: 3080 – This level indicates a strong resistance where price previously failed to break above.
1st Resistance Zone: 3056 – Another key resistance level that acted as a ceiling before the price dropped.
:
2980 – Initial Focus point where price is currently testing.
2920 – Next major Focus point , expected to be tested if bearish momentum continues
2. Price Movement & Trend:
The price initially experienced a bullish trend, reaching the 3056-3080 resistance range.
A strong bearish rejection led to a sharp downward move, breaking below key levels.
The current price action shows a consolidation phase near 2980, with indications of further decline.
3. Future Expectations:
If 2980 holds as support, we may see a slight pullback before another drop.
If price breaks below 2980, it will likely head toward 2920, confirming bearish continuation.
Any recovery would require a strong bullish push above 3056 to change the sentiment.
Above chart indicates a bearish market structure, with further downside movement possible. Traders should monitor Focus points and resistance zones carefully and look for confirmation before entering trades.
1. Resistance & Focus points:
2nd Resistance Zone: 3080 – This level indicates a strong resistance where price previously failed to break above.
1st Resistance Zone: 3056 – Another key resistance level that acted as a ceiling before the price dropped.
:
2980 – Initial Focus point where price is currently testing.
2920 – Next major Focus point , expected to be tested if bearish momentum continues
2. Price Movement & Trend:
The price initially experienced a bullish trend, reaching the 3056-3080 resistance range.
A strong bearish rejection led to a sharp downward move, breaking below key levels.
The current price action shows a consolidation phase near 2980, with indications of further decline.
3. Future Expectations:
If 2980 holds as support, we may see a slight pullback before another drop.
If price breaks below 2980, it will likely head toward 2920, confirming bearish continuation.
Any recovery would require a strong bullish push above 3056 to change the sentiment.
Trade active
Trade active from 3030 keep hold in sell positionNote
gold dropping from 3030 to 3015 150 profit running keep hold in sell position
Note
Gold successfully reached at 1st focus point 2980 500 pips profit running
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Forex, Gold & Crypto Signals with detailed analysis & get consistent results..
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t.me/GoldMan0009
Forex, Gold & Crypto Signals with detailed analysis & get consistent results..
Gold Signal's with proper TP & SL for high profit opportunities..
t.me/GoldMan0009
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.
Join telegram channel free ..
t.me/GoldMan0009
Forex, Gold & Crypto Signals with detailed analysis & get consistent results..
Gold Signal's with proper TP & SL for high profit opportunities..
t.me/GoldMan0009
t.me/GoldMan0009
Forex, Gold & Crypto Signals with detailed analysis & get consistent results..
Gold Signal's with proper TP & SL for high profit opportunities..
t.me/GoldMan0009
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.