Get started

Forex-gold

SPY’s Epic Crash: Bearish Flag Unleashed!Buckle up, trading fam, because the SPDR S&P 500 ETF Trust (SPY) just pulled a move so wild, it’s giving Keeping Up with the Kardashians a run for its money. We’re talking a bearish flag breakdown on the 4-hour chart that’s got more twists than a Game of Thrones finale, more drama than a Bachelor rose ceremony, and more profit potential than a Shark Tank pitch gone viral. If you’re ready to laugh, learn, and maybe make some cash, then grab your popcorn—this 2,500-word rollercoaster is about to take you on a ride you won’t forget! 🎢 Act 1: SPY’s Golden Era—Living Its Best Barbie Life Let’s set the scene: it’s late October 2024, and SPY is strutting its stuff like it’s Margot Robbie in Barbie. The price climbs from $570 to a dazzling $607.98 by mid-January 2025—a 6.5% glow-up that’s got traders swooning harder than Ken at a Dreamhouse party. SPY’s basically saying, “I’m not just an ETF—I’m iconic,” as it basks in the glow of a bull market hotter than a Love Island villa. But here’s the tea: even the shiniest stars can fall. By mid-January, the Stochastic Oscillator at the bottom of the chart is flashing “overbought” signals louder than a Real Housewives reunion meltdown. It’s the first sign of trouble—like when you realize the DJ at the club just played “Sweet Caroline” for the third time, and the vibe’s about to go south. SPY’s living large, but the party’s about to get crashed, Jersey Shore style. Act 2: The Flagpole Plunge—SPY Sinks Faster Than the Titanic Cue the dramatic music, because mid-January 2025 is when SPY decides to pull a full-on Titanic. The price plummets from $607.98 to $566.77 in a matter of days—a $41.21 drop, or 6.8%, that’s got traders screaming “I’m not okay!” louder than a Euphoria episode. This sharp decline is the flagpole of our bearish flag pattern, and it’s a doozy. SPY’s sinking faster than Jack and Rose’s ship, and the bulls are left clinging to the wreckage like there’s no room on the door. 🚢 The Stochastic Oscillator dives into oversold territory (below 20), confirming the bearish momentum is stronger than the Hulk after a double espresso. It’s a bloodbath on Wall Street, and SPY’s the main character in this tragic plot twist. But just when you think the drama’s over, SPY decides to play coy—like a Bachelor contestant who says “I’m not here for the right reasons” but sticks around for the drama anyway. Enter the consolidation phase, aka the “flag” part of the bearish flag pattern. Let’s break it down, shall we? Act 3: The Flag—SPY’s Tease Game Is Stronger Than a Love Island Bombshell From late January to mid-February 2025, SPY enters a consolidation phase that’s more tantalizing than a Love Island bombshell walking into the villa. The price bounces between $566.77 and $577.74, forming a sneaky little upward-sloping channel. It’s like SPY’s playing hard to get, teasing traders with a “Will I rally? Will I crash?” vibe that’s got everyone on edge. The Stochastic Oscillator hovers below 50, like a villa couple who’s “just talking” but definitely not coupled up yet. This consolidation is the “flag” in the bearish flag pattern, and it’s a classic setup. Think of it as SPY taking a quick breather after its big fall, sipping a cocktail by the pool before diving back into the drama. Bearish flags are continuation patterns, meaning the price is likely to keep falling after this little flirt-fest. It’s like when you’re watching The Masked Singer—you know the reveal’s coming, but the suspense is what keeps you glued to the screen. And trust me, you won’t want to miss the next act. Act 4: The Breakout—SPY Says “I’m Out!” Like a RuPaul’s Drag Race Exit Mid-February 2025 arrives, and SPY decides it’s done with the games. The price breaks below the lower trendline of the flag at $566.77, and it’s like watching a RuPaul’s Drag Race queen sashay away after a lip-sync battle: dramatic, fierce, and leaving the bulls in the dust. The breakout confirms the bearish flag pattern, and the bears are strutting their stuff like they just won the crown. 👑 The price doesn’t just dip—it plunges to $546.33 by late March 2025, a further drop of $20.44 (or 3.6%) from the breakout point. The Stochastic Oscillator dives back into oversold territory, confirming the bearish momentum is back with a vengeance. SPY’s basically telling the bulls, “You better work—because I’m not!” as it leaves them gagging on the runway. Let’s talk about the measured move—the price target for this bearish flag. We take the length of the flagpole ($41.21) and project it downward from the breakout point ($566.77). That gives us a target of $525.56. SPY doesn’t quite hit that mark—it bottoms out at $546.33—but it gets close enough to make traders sweat harder than a Chopped contestant with 30 seconds left on the clock. It’s a solid performance, even if it didn’t stick the landing perfectly. Pop Culture Parallels: SPY’s Bearish Flag Is a Reality TV Showdown Let’s take a step back and look at this chart through a pop culture lens, because SPY’s bearish flag is basically a reality TV showdown. The initial uptrend from October to January is the honeymoon phase—think The Bachelor contestants on their first group date, all smiles and champagne. 🥂 The flagpole drop in mid-January is the drama bomb, like when a contestant gets caught kissing someone else in the hot tub. The consolidation phase is the confessional montage, where everyone’s talking smack and plotting their next move. And the breakout? That’s the rose ceremony—SPY’s handing out its final rose to the bears, and the bulls are sent packing with nothing but a suitcase and some tears. Trading Tips: How to Slay This Bearish Flag Like a Drag Race Superstar Now that we’ve had our fun, let’s get down to business. How can you trade this bearish flag like a Drag Race superstar? Here’s the tea, served piping hot: 1. Short the Breakout (Sashay, Don’t Shantay) When SPY broke below the flag at $566.77, that was your cue to short the stock faster than you can say “Sashay away!” A short position here could’ve netted you a $20.44 gain per share as the price dropped to $546.33—enough to buy yourself a new wig for the next challenge. 2. Set a Stop-Loss (Don’t Get Read for Filth) To avoid getting read for filth by a fake-out, set a stop-loss above the flag’s upper trendline at $577.74. That way, if the breakout flops harder than a Drag Race comedy challenge, you’re safe. 3. Target the Measured Move (Go for the Crown) The measured move target of $525.56 was the goal, but SPY stopped at $546.33. That’s still a win—like making it to the top 4 but not snatching the crown. If you’d shorted at the breakout, you’d be serving looks and profits. 4. Watch for a Bounce (Don’t Sleep on the Comeback) As of late March 2025, SPY’s at $546.33, and the Stochastic is oversold. This could mean a short-term bounce is coming, like a Drag Race queen returning for an All-Stars season. Keep an eye on resistance at $566.77 and $577.74—if SPY breaks above those, the bears might be in for a shady twist. The Bigger Picture: Is SPY’s Downtrend the New Black? Let’s zoom out for a hot second. Before this bearish flag, SPY was in a strong uptrend for months, living its best life like a Vogue cover star. This pattern marks a potential trend reversal, like when skinny jeans went out of style and baggy pants became the new black. If the downtrend continues, the next support level could be around $540—or even lower if things get really messy. But here’s the million-dollar question: is this the start of a bigger bear market, or just a temporary dip? It’s like trying to predict the winner of Survivor—nobody knows, but everyone’s got a theory. The Stochastic being oversold suggests a bounce might be near, but the overall trend is still bearish. So, keep your wits about you, because this market’s shadier than a Real Housewives dinner party. Why This Chart Is More Addictive Than a Love Is Blind Binge If you’re still here, you’re officially obsessed—and I don’t blame you! This SPY chart is more addictive than a Love Is Blind binge because it’s got all the elements of a great reality show: drama, suspense, and a cast of characters (the bulls and bears) who can’t stop fighting. The bearish flag is the villain we love to hate, and the price action is the love triangle we can’t stop watching. Plus, trading is a lot like reality TV. You’ve got your highs (the uptrend), your lows (the flagpole drop), and those messy in-between moments (the consolidation). But when the breakout happens, it’s like the finale episode where someone finally gets engaged—or in this case, the bears get their moment in the spotlight. 💍 Final Thoughts: Don’t Miss the Next Episode of SPY’s Reality Show SPY’s bearish flag breakdown is a masterclass in technical analysis, wrapped in a package of drama and sass that’d make even the most stoic trader crack a smile. Whether you’re a Wall Street pro or a newbie just here for the tea, this chart has something for everyone. So, what’s next for SPY? Will it hit that $525.56 target, or will the bulls stage a comeback like a Love Is Blind couple at the altar? Only time will tell, but one thing’s for sure: you won’t want to miss the next episode of this reality show. Keep your eyes on the chart, your finger on the trigger, and your sense of humor intact—because in the world of trading, you’ve got to laugh to keep from crying. 😜 Join the Trading Villa! If you loved this recap of SPY’s bearish flag drama, don’t ghost me like a Love Island ex! Drop a comment with your thoughts—are you shorting SPY, or are you waiting for a bounce? And if you want more trading tea, puns, and reality TV references, hit that follow button faster than you can say “I’m here to make friends.” Let’s spill the tea and make some money together! 🍵
AMEX:SPY
by RoadToAMillionClub
THE IMPORTANCE of Multiple Time Frame Analysis in Forex Gold In my daily posts, I quite frequently use multiple time frame analysis. If you want to enhance your predictions and make more accurate decisions, this is the technique you need to master. In the today's post, we will discuss the crucial importance of multiple time frames analysis in trading the financial markets and forex gold in particular. 1️⃣ Trading on a single time frame, you may miss the important key levels that can be recognized on other time frames. Take a look at the chart above. Analyzing a daily time frame, we can spot a confirmed bullish breakout of a key daily resistance. That looks like a perfect buying opportunity. However, a weekly time frame analysis changes the entire picture, just a little bit above the daily resistance, there is a solid weekly resistance. From such a perspective, buying GBPUSD looks very risky. 2️⃣ The market trend on higher and lower time frames can be absolutely different. In the example above, Gold is trading in a bullish trend on a 4h time frame. It may appear for a newbie trader that buyers are dominating on the market. While a daily time frame analysis shows a completely different picture: the trend on a daily is bearish, and a bullish movement on a 4H is simply a local correctional move. 3️⃣ It may appear that the market has a big growth potential on one time frame while being heavily over-extended on other time frames. Take a look at GBPJPY: on a weekly time frame, the market is trading in a strong bullish trend. Checking a daily time frame, however, we can see that the bullish momentum is weakening: the double top pattern is formed and the market is consolidating. The sentiment is even changing to a bearish once we analyze a 4H time frame. We can spot a rising wedge pattern there and its support breakout - very bearish signal. 4️⃣ Higher time frame analysis may help you to set a safe stop loss. In the picture above, you can see that stop loss placement above a key daily resistance could help you to avoid stop hunting shorting the Dollar Index. Analyzing the market solely on 1H time frame, stop loss would have been placed lower and the position would have closed in a loss. Always check multiple time frame when you analyze the market. It is highly recommendable to apply the combination of at least 2 time frames to make your trading safer and more accurate. ❤️Please, support my work with like, thank you!❤️ I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
TRADENATION:XAUUSDEducation
by VasilyTrader
6
Gold can continue to grow inside upward channelHello traders, I want share with you my opinion about Gold. This chart shows how the price initially rebounded from the support level, which aligned with the buyer zone, but soon reversed and dropped back down to the support line. After hovering near this line, the price entered a triangle pattern, where it bounced off the resistance line and fell to the support line, breaking below the support level. Following that move, the price reversed upward and returned to the buyer zone, where it consolidated briefly before declining again to the support line. From there, it bounced and began to climb. Shortly after, the price broke through the 2915 level and eventually exited the triangle pattern. From that point, the price started trending upward within an ascending channel, reaching the current support level, which overlaps with a key support area, before rising to the resistance line of the channel. Recently, the price pulled back to the support zone once again, and I believe there’s a good chance it will decline a little below from this area and continue its upward move within the channel, aiming for the resistance line. For this scenario, my TP is set at 3080. Please share this idea with your friends and click Boost 🚀
FOREXCOM:XAUUSDLong
by LegionQ8
2
XAUUSD Technical insights and possible trading strategies **1. Trend Analysis (Bullish setup) - The price is currently in an **uptrend**, confirmed by the **higher highs and higher lows**. - The **ascending trendline** acts as a dynamic support level. - The **price is above the 50 EMA**, which usually signals a bullish trend. - However, it's currently testing support, and a break below could shift momentum. **2. Key Support & Resistance Levels** - **Support Zone ($3,042 - $3,046, marked in red)** - Price has previously bounced from this area. - The **50 EMA** is also near this support, adding strength. - If this level holds, it could act as a buying zone. - **Resistance Zone ($3,050 - $3,060, marked in green)** - Price faced rejection from this zone earlier. - A breakout above this resistance could signal further upside. - If the price fails to break, it may consolidate or retrace. **3. Moving Averages Analysis** - **7 EMA ($3,048.844) & 21 EMA ($3,047.889)** - Short-term EMAs are **very close to price action**, indicating consolidation. - If the **7 EMA crosses below the 21 EMA**, it could signal short-term weakness. - **50 EMA ($3,042.649)** - A **critical dynamic support** level. - If the price bounces from here, the bullish trend remains intact. - A breakdown could trigger a deeper pullback. **4. Possible Trading Strategies** **📈 Bullish Setup (Buy Scenario)** - **Entry:** Look for **bullish confirmation (green candle, higher low)** near the support zone ($3,042 - $3,046). - **Target:** Initial target near resistance at **$3,050 - $3,060**, then **$3,070+**. - **Stop-Loss:** Below **$3,040** (just under the trendline and 50 EMA). **📉 Bearish Setup (Sell Scenario)** - **Entry:** If price **closes below $3,042**, it could indicate a breakdown. - **Target:** Next support area around **$3,030** or lower. - **Stop-Loss:** Above **$3,050** (in case of a false breakdown). **5. Volume Confirmation** - **Low volume near support** → Risk of breakdown. - **High volume breakout above resistance** → Strong bullish move. - **Divergence (price rising but volume dropping)** → Weak trend, possible reversal. **Conclusion:** - **Watch price action near $3,046 support**—a bounce could lead to new highs. - **If support breaks, be ready for a pullback to $3,030 or lower.** - **Confirm moves with volume before entering trades.**
OANDA:XAUUSDLong
by elitetrader9090
How to Find Best Supply and Demand Zones/Areas in Forex & Gold In this article, I will show you the strongest supply and demand zones. These zones are called confluence zones. I will teach you to identify these areas properly and explain how to apply it in Forex and Gold trading. Let's start with a short but important theory. In technical analysis, there are 2 types of supports and resistances. Horizontal structures are supports and resistance that are based on horizontal key levels. Vertical structures are supports and resistance that are based on trend lines. A confluence supply or demand zone, will be the area of the intersection between a horizontal and vertical structures. Look at GBPJPY pair. I underlined a significant horizontal support and a rising trend line - a vertical support. We see a clear crossing of both structures. The trend line and a horizontal support will compose a narrow, contracting area. It will be a confluence demand zone. Within, with a high probability, a high volume of buying orders will concentrate, and a strong bullish movement will initiate after its test. Above is one more example of a powerful demand zone. It was spotted on a Gold chart. Now let's discuss the supply zone. There are 2 strong structures on GBPNZD: a vertical resistance - a falling trend line and a horizontal resistance. These 2 resistances will constitute a confluence supply zone. That is a powerful resistance cluster that will concentrate the selling orders. Chances will be high to see a strong bearish movement from that. There is a strong supply zone on CHFJPY that is based on the intersection of a wide horizontal resistance and a falling trend line. Supply and demand zones that we discussed are very significant. Very often, strong bullish and bearish waves will initiate from these clusters. Your ability to recognize these zones will help you to make accurate predictions and identify a safe point to open a trading position from ❤️Please, support my work with like, thank you!❤️
FOREXCOM:XAUUSDEducation
by VasilyTrader
9
What Happens to Global Markets When the Ukraine-Russia War Ends?What Happens to Global Markets When the Ukraine-Russia War Ends? The end of the Ukraine-Russia war will undoubtedly impact major global markets, here’s what we can expect: Oil Market : With tensions easing, oil prices could drop as supply concerns lessen and sanctions ease. However, global demand could still keep prices stable or even high. Gold Market : Gold, a safe-haven asset, might face a decrease in demand as geopolitical uncertainty fades, but if the end of the war leads to global economic instability, gold could remain a strong choice for investors. Forex Market : The end of the conflict could boost the Euro and USD as stability returns to the market. At the same time, the Russian Ruble might face fluctuations as Russia’s economy adjusts to post-war conditions. Crypto Market : Cryptocurrencies may see mixed reactions—some may retreat as confidence in traditional markets rises, but others could flow in if economic uncertainty continues to prevail globally. 🔮 The war's end could bring hope, but it also presents new challenges for markets worldwide. Stay tuned to see how it all plays out!
CFI:WTIShort
by melikatrader94
5
The Main Elements of Profitable Trading Strategy (Forex, Gold) There are hundreds of different trading strategies based on fundamental and technical analysis. These strategies combine different tools and trading techniques. And even though, they are so different, they all have a very similar structure. In this educational article, we will discuss 4 important elements and components every GOLD, Forex trading strategy should have. What Do You Trade 1️⃣ The first component of a trading strategy is the list of the instruments that you trade. You should know in advance what assets should be in your watch list. For example, if you are a forex trader, your strategy should define the currency pairs that you are trading among the dozens that are available. How Do You Trade 2️⃣ The second element of any trading strategy is the entry reasons. Entry reasons define the exact set of market conditions that you look for to execute the trade. For example, trading key levels with confirmation, you should wait for a test of a key level first and then look for some kind of confirmation like a formation of price action pattern before you open a trade. Above, is the example how the same Gold XAUUSD chart can be perceived differently with different trading strategies. 3️⃣ The third component of a trading strategy is the position size of your trades. Your trading strategy should define in advance the rules for calculating the lot of size of your trades. For example, with my trading strategy, I risk 1% of my trading account per trade. When I am planning the trading position, I calculate a lot size accordingly. Position Management 4️⃣ The fourth element of any trading strategy is trade management rules. By trade management, I mean the exact conditions for closing the trade in a loss, taking the profit and trailing stop loss. Trade management defines your actions when the trading position becomes active. Make sure that your trading strategy includes these 4 elements. Of course, your strategy might be more sophisticated and involve more components, but these 4 elements are the core, the foundation of any strategy. ❤️Please, support my work with like, thank you!❤️
FOREXCOM:XAUUSDEducation
by VasilyTrader
5
ETH/USDT : Get Ready for the next Bullish Move! (READ)By analyzing the weekly (logarithmic) chart of Ethereum, we can see that the price experienced a sharp crash last night, dropping to $2100. After reaching this key demand zone, Ethereum rebounded and is currently trading around $2600. As long as the $2200 support holds, we can expect further bullish momentum. The mid-term targets for Ethereum are $3900, $4600, $5700, and $7400. 🚀 Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me ! Best Regards , Arman Shaban
Long
by ArmanShabanTrading
2
Gold Extends Gains as Trump’s Tariff Plans Fuel Market AnxietyGold trades around $2,765 per ounce, extending its recovery as US tariff uncertainty increases safe-haven demand. Trump announced tariffs on computer chips, pharmaceuticals, and steel, while the White House confirmed plans for Canada and Mexico tariffs on February 1, with China also under consideration. Investors now await the Fed’s policy meeting, where rates are expected to remain unchanged. Higher rates typically weigh on gold, while markets also watch for the Fed’s response to Trump’s calls for rate cuts. Technically, the first resistance level will be 2790 level. In case of this level’s breach, the next levels to watch would be 2800 and 2820 consequently. On the downside, 2730 will be the first support level. 2660 and 2630 are the next levels to monitor if the first support level is breached.
EIGHTCAP:XAUUSD
by ChartMage
1
Gold Price Update: Potential Bullish ContinuationGold prices are showing signs of a potential bullish continuation. The price has retraced to the 0.5 Fibonacci level at 2,677.26 USD after a strong upward move and appears to be stabilizing around this support. The current consolidation above 2,677.26 USD suggests the possibility of another upward push toward the 1.0 Fibonacci level at 2,697.98 USD, with further resistance levels at 2,718.71 USD and 2,729.08 USD. However, if the price fails to hold above 2,677.26 USD, the next support level to watch is 2,666.89 USD. Key Levels: Immediate Resistance: 2,697.98 USD (1.0 Fibonacci level) Support Zone: 2,677.26 USD (0.5 Fibonacci level) and 2,666.89 USD (0.25 Fibonacci level) Potential Targets: 2,729.08 USD (1.75 Fibonacci level) This setup indicates a bullish outlook if key support levels hold. Should monitor price action closely for confirmation of the next move.
TVC:GOLDLong
by me22_
XAGUSD - Short SetupMy main trading principle is that the price always moves from swept liquidity levels to untouched liquidity levels. In particular case we clearly can see the following context: price swept 1D key liquidity level and left untouched level lower, this indicates on probable distribution Wyckoff range. But to take more statistically probable trades we should wait for some type of lower timeframe confirmation, and in this case we can notice sign of weakness (reaching the middle of the range), so potentially there is a higher probability to see price lower. Your success is determined solely by your ability to consistently follow the same principles.
FX:XAGUSDShort
by Maks_Klimenko
2
How to Analyze a Stock ? Key Questions to Ask Before You InvestShould I invest in this stock ? This is a common question investors face many times But where do you begin? What should you look for, and what pitfalls should you avoid? This guide will walk you through the essential steps to analyze a stock, focusing on the business itself rather than the stock chart. Since earnings per share (EPS) growth drives returns, it’s crucial to understand how revenue growth and margin expansion contribute over time. Before buying any stock, ask yourself these six critical questions: 1.Company: What does the business do? 2.Economics: How does it generate revenue? 3.Opportunities: What are the potential upsides? 4.Risks: What challenges could it face? 5.Financials: What do the numbers reveal? 6.Valuation: Is the price justified? 1.What’s the Business? - Mission: A clear mission drives long-term success. For example, Google’s mission, “to organize the world’s information and make it universally accessible and useful,” is simple yet powerful. Does the company’s mission align with a growing trend or an unmet need? - Leadership: Effective leadership, especially from founder-led teams or CEOs with a strong track record, often outperforms. Assess the team’s vision, execution skills, and employee approval ratings. - Products: Are the company’s offerings essential, innovative, or part of a growing market? Consider their uniqueness, potential obsolescence, and innovation history. 2.How Do They Make Money? - Revenue Mix: Is the company’s revenue diversified or reliant on a single product or customer? A diverse mix offers stability, while over-reliance can be risky. - Unit Economics: Examine profitability metrics like gross margin and operating margin. Where does the bulk of profit come from? - Key Metrics: Identify metrics like annual recurring revenue (ARR) for subscriptions or gross merchandise value (GMV) for e-commerce that best reflect the company’s performance trends. 3.What Could Go Right? - Market Growth: Does the company operate in a growing industry, such as AI or renewable energy? -Innovation: Look for ongoing R&D and a track record of successful product launches. -Moat Expansion: Assess the company’s competitive advantage, whether it’s a strong brand, proprietary technology, or cost leadership. 4. What Could Go Wrong? -Market Disruption: Is the company prepared for sudden changes, like new technologies or regulations? -Competition: Strong rivals can erode market share. Analyze customer reviews and competitor benchmarks. - Moat Erosion: A shrinking competitive edge—such as declining pricing power or poor retention—can signal trouble. 5.What Do the Numbers Say? - Profitability: Check revenue growth, gross margins, and net income for consistent improvements. - Solvency: Assess the balance sheet for debt-to-equity ratios, cash reserves, and financial stability. - Liquidity: Positive and consistent cash flow indicates sustainability and growth potential. 6.Is the Price Right? - Valuation Metrics: Use Price to Earnings (P/E), Price to Sales (P/S), or other relevant metrics depending on the company’s growth stage. Compare these to peers and market standards. -Investment Horizon: Longer investment timelines can justify higher valuations if growth potential exists. -Focus on Fundamentals: Valuation matters only if the business is strong. Avoid being tempted by low prices without underlying value. By breaking a company into these six dimensions, you can turn complex decisions into actionable insights. Start with the business fundamentals, evaluate opportunities and risks, and finish by assessing valuation. What stock will you analyze next? Let’s put this framework into action now
NASDAQ:NVDAEducation
by moonypto
Gold no more bullish? (XAU/USD)The daily XAU/USD chart reveals a completed Elliott Wave (1-5) structure, with wave (5) peaking near the $2,720 resistance level. This marks a potential reversal zone for gold prices. Expected Corrective ABC Pattern: Wave A: The initial decline is anticipated to target the $2,605-$2,620 support zone. Wave B: A minor retracement is expected to occur, likely staying below the $2,720 resistance level. Wave C: The final wave may extend the decline towards the $2,560-$2,580 lower support zone. Key Levels to Watch: Resistance: $2,720 Support Zones: Middle support: $2,605-$2,620 Lower support: $2,560-$2,580 Trading Strategy: Given the high sensitivity of gold prices to macroeconomic events, traders should exercise caution. Proper position sizing and setting appropriate stop-loss levels are crucial to mitigate potential risks. Monitoring upcoming economic releases and geopolitical developments is essential, as these factors can significantly impact market volatility. Keep an eye on the evolving market conditions and adjust your trading strategy accordingly. Good luck!
TVC:GOLDShort
by me22_