GOLD - Under NEWS Pressure
Generally, the trend is up.
Downtrend Side: For the price to establish a confirmed downtrend, it must stabilize below the key support level of $2,500, which should be validated by the close of a 4-hour candle. As an initial step towards this bearish trend, the price should further decline to close below the $2,475 level by the closing 1D candle. This would reinforce the downward momentum and indicate a deeper correction is likely.
Uptrend Side: As long as the price remains above 2500, particularly above the 2514 level, further upward movement toward the 2527 level is anticipated, which marks our previous high with the potential to reach a new high of 2540.
Tendency Keys: 2500
Downtrend Side: For the price to establish a confirmed downtrend, it must stabilize below the key support level of $2,500, which should be validated by the close of a 4-hour candle. As an initial step towards this bearish trend, the price should further decline to close below the $2,475 level by the closing 1D candle. This would reinforce the downward momentum and indicate a deeper correction is likely.
Uptrend Side: As long as the price remains above 2500, particularly above the 2514 level, further upward movement toward the 2527 level is anticipated, which marks our previous high with the potential to reach a new high of 2540.
Tendency Keys: 2500
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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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