Consider entering a short position if the price shows signs of rejection at the resistance area. This trade setup anticipates a move down towards the lower end of the channel, with a stop-loss above the resistance. Keep in mind that this is a short-term setup, and price action should confirm any entry. This is a technical view and should be used alongside other...
This chart presents a potential bullish setup for gold (XAUUSD). After a recent decline, gold appears to be approaching a signficant support level, marked by the black zone near $2,643. The highlighted accumalation where buyers might step in, looking for a reversal signal.
This chart presents a potential bullish setup for gold (XAUUSD). After a recent decline, gold appears to be approaching a signficant support level, marked by the black zone near $2,643. The highlighted accumalation where buyers might step in, looking for a reversal signal.