Gold is absolutely bullish, just take the swing in the bullish direction
It is at a critical point where by breaking any part marked in the chart, the trend can continue to move in that direction. My prediction is a downward trend.
We do not expect the FOMC to change the federal funds rate or alter its current pace of balance sheet runoff at its upcoming meeting on March 19-20. Since the Committee last met, the U.S. inflation data have come in a bit stronger than expected, while the labor market generally has remained resilient. With payroll growth still solid and inflation proving to be a...
The price will bounce back from the indicated point on the chart and make a correction to the support area, after which the price will reach 2100.
The swings in the chart are indicated. The price correction has risen from the first swing. We expect the price to return below the swing for the trend to remain bearish.
According to the candles mentioned in the chart, the weakness of the buyers is clearly visible and the downward trend will continue from the specified place, and you can enter the transaction from that point.
Due to the closing of the bearish strong candlestick and not seeing the return sign, the possibility of the continuation of the trend is very strong.
The price hit lower during a swing break, but with a strong rebound to the upside, the price completely covered the rally, showing us that it can continue its upward trend. Our reasons are: 1- The strong return of the price upwards 2- Covering price accumulation (on the specified chart)
The trend has reached a price convergence. This makes for a short correction, so now is not the time to buy. It's time to sell
We will have a short downward trend until the resistance breaks and falls. Then the upward movement begins
A very short price correction will make an uptrend from the same area I specified and then it will be completely bearish. Good luck and be profitable
This analysis is done with all considerations and looking at higher time frames
According to the candlestick reading, it clearly shows that the trend is up
This analysis and these specified price points have been done considering all the factors of higher time frames
An upward trend started due to the inability to break the first swing, which is marked by a block order. This reverse trend shows us that it was not an upward trend but a correction, so the downward trend will continue from here.
The correction was made and completed, and the trend will continue to be completely bearish
Ladies and gentlemen, we have a short-term upward movement and it will continue in the main downward trend
We have a short correction and the downward trend will continue