Introduction The market is currently in a position where I expect specific price movements. The key levels are marked on the chart and the invalidation levels are clearly defined.
Market Expectation
Market Start: I expect an initial bullish move reaching 2670, where the price might struggle to continue.
A reversal is expected towards 2525, followed by a return to a bullish direction, and ultimately a move towards 2740.
Invalidation Levels
A breakout and confirmation above 2670 would invalidate the initial bearish scenario and strengthen the bullish move.
Conversely, a break and confirmation below 2525 would invalidate the bullish scenario and could indicate a bearish trend.
Trading Strategy
Entry: Enter near key levels, considering confirmation of reversal or continuation signals.
Risk Management: Set a stop loss above 2670 or below 2525 to manage risk effectively.
Conclusion The expected movement for gold is clearly outlined with high precision. Traders can capitalize on these levels with proper risk management to ensure a profitable trade.
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