1. Double Top Resistance Breakdown
The chart suggests a strong double top resistance zone around 3,160 USD.
Disruption: If price tests this zone and fails again (creating a third top), a sharp reversal could occur.
Implication: Bearish pressure may increase, potentially invalidating the long-term bullish target.
2. Failure to Hold the Bullish Zone
Price is hovering above the support for bullish zone (~2,980–3,000 USD).
Disruption: A break below this level, especially with volume, could signal trend reversal or deeper correction.
Implication: Price might head towards the next unmarked support area below 2,960 USD.
3. Weak Rebound from Current Level
The chart projects a “V-shaped” or “W-shaped” recovery.
Disruption: If market sentiment is weak, the price may consolidate sideways or drift lower instead of rebounding.
Implication: Delayed bullish momentum, potential accumulation phase or even distribution.
4. Fundamental Catalyst Risk
Several U.S. economic event icons are marked (likely NFP, CPI, FOMC).
Disruption: Any unexpectedly hawkish data or Fed speech can strengthen the USD and suppress gold prices.
Implication: Technical patterns may get overridden by macro volatility.
5. Over-Reliance on Horizontal Levels
The analysis is heavily based on horizontal S/R zones.
Disruption: If market dynamics shift (liquidity hunts, news-driven spikes), price could fake out these zones.
Implication: Stop hunts and liquidity grabs could trap traders expecting clean technical moves.
The chart suggests a strong double top resistance zone around 3,160 USD.
Disruption: If price tests this zone and fails again (creating a third top), a sharp reversal could occur.
Implication: Bearish pressure may increase, potentially invalidating the long-term bullish target.
2. Failure to Hold the Bullish Zone
Price is hovering above the support for bullish zone (~2,980–3,000 USD).
Disruption: A break below this level, especially with volume, could signal trend reversal or deeper correction.
Implication: Price might head towards the next unmarked support area below 2,960 USD.
3. Weak Rebound from Current Level
The chart projects a “V-shaped” or “W-shaped” recovery.
Disruption: If market sentiment is weak, the price may consolidate sideways or drift lower instead of rebounding.
Implication: Delayed bullish momentum, potential accumulation phase or even distribution.
4. Fundamental Catalyst Risk
Several U.S. economic event icons are marked (likely NFP, CPI, FOMC).
Disruption: Any unexpectedly hawkish data or Fed speech can strengthen the USD and suppress gold prices.
Implication: Technical patterns may get overridden by macro volatility.
5. Over-Reliance on Horizontal Levels
The analysis is heavily based on horizontal S/R zones.
Disruption: If market dynamics shift (liquidity hunts, news-driven spikes), price could fake out these zones.
Implication: Stop hunts and liquidity grabs could trap traders expecting clean technical moves.
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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.
t.me/addlist/Erwqj-f3fuRjMWM0
IF YOU WANT TO KILL GOLD MARKET SO JOIN OUR CHANNEL NOW
TP AND SL DAILY 100% CONFIRM SIGNAL 0 ℅ RISK
t.me/addlist/Erwqj-f3fuRjMWM0
IF YOU WANT TO KILL GOLD MARKET SO JOIN OUR CHANNEL NOW
TP AND SL DAILY 100% CONFIRM SIGNAL 0 ℅ RISK
t.me/addlist/Erwqj-f3fuRjMWM0
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.