Gold Analysis: Bearish Reversal Looms After Supply Zone
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let's dive into #xauusd #gold analysis!
Supply and Demand Zone: The price recently touched the highlighted supply and demand (S&D) zone around $2,640-$2,650, showing resistance in that area.
Trend Channel: The price is moving within an ascending channel, with higher highs and higher lows. However, the current trend shows signs of potential exhaustion.
Projected Movement: After touching the S&D zone, the price began to decline. The chart suggests a potential retest of the midline of the channel before continuing downwards.
Bearish Outlook: If the price breaks below the lower channel line, a significant drop toward the $2,578 level is possible, indicating a bearish continuation.
let's dive into #xauusd #gold analysis!
Supply and Demand Zone: The price recently touched the highlighted supply and demand (S&D) zone around $2,640-$2,650, showing resistance in that area.
Trend Channel: The price is moving within an ascending channel, with higher highs and higher lows. However, the current trend shows signs of potential exhaustion.
Projected Movement: After touching the S&D zone, the price began to decline. The chart suggests a potential retest of the midline of the channel before continuing downwards.
Bearish Outlook: If the price breaks below the lower channel line, a significant drop toward the $2,578 level is possible, indicating a bearish continuation.
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telegram channel: t.me/melikatrader94
forex telegram channel: t.me/melikatrader94GoldForex
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telegram channel: t.me/melikatrader94
forex telegram channel: t.me/melikatrader94GoldForex
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👉 my broker:: bit.ly/HYMCMELI
____
telegram channel: t.me/melikatrader94
forex telegram channel: t.me/melikatrader94GoldForex
____
telegram channel: t.me/melikatrader94
forex telegram channel: t.me/melikatrader94GoldForex
Publikasi terkait
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.