Personal Analysis:
👉Because it is being sold off after failing to break above 3040 to maintain its strong upward momentum. It is currently moving sideways in the 3034-3040 zone. If there is any break, the nearest short-term support zone will be 3027 and further 3016
👉Based on trend lines and resistance - support levels to come up with suitable strategies
Plan:
🔆Price Zone Setup:
👉Sell Gold 3040 - 3042
❌SL: 3046 | ✅TP: 3035 – 3030 - 3023
FM wishes you a successful trading day 💰💰💰