GOLD/ According BEARISH channel
Generally, the direction is an uptrend
All price attempts are directed toward breaking and stabilizing above the 2,640 resistance level. Successfully surpassing this level would likely lead to a retest of the price point that was lost two weeks ago. However, if the price breaks above it, there remains the possibility of another decline in the upper boundary of the trend channel.
As long as the price continues to trade within the channel and remains below this line, the bearish trend will stay active, targeting the support level. However, breaking above the channel with the closure of a 4-hour or daily candle would activate a bullish phase.
Tendency Keys: 2664
Resistance Line: 2640, 2664, 2701
Support Line: 2603, 2566, 2527
All price attempts are directed toward breaking and stabilizing above the 2,640 resistance level. Successfully surpassing this level would likely lead to a retest of the price point that was lost two weeks ago. However, if the price breaks above it, there remains the possibility of another decline in the upper boundary of the trend channel.
As long as the price continues to trade within the channel and remains below this line, the bearish trend will stay active, targeting the support level. However, breaking above the channel with the closure of a 4-hour or daily candle would activate a bullish phase.
Tendency Keys: 2664
Resistance Line: 2640, 2664, 2701
Support Line: 2603, 2566, 2527
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With Clear entry point and target line with stopout zone
~900 pips per week —— Accuracy more than 88%
with best learning
Be Stronger With us
THANKS for your support
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