On the 1-hour timeframe, Gold Futures are showing signs of consolidation near a significant resistance zone. Here’s the breakdown:
Resistance Zone (Upper Blue Area)
Price is trading under a clear resistance zone around 2,690–2,700. The rejection here indicates selling pressure at this level.
Bearish Trendline (Red Line)
A minor bearish trendline suggests...
Description:
This analysis highlights a bullish bias for E-mini Dow Jones Futures (YM1!) based on the following observations:
Daily Bias: Buy
The current market structure supports a bullish sentiment as the price has reclaimed and stayed above the key support zone.
Key Support Zone (Blue Area)
The highlighted blue zone around 44,700 acts as a significant...
