"Gold Approaching Resistance: Correction on the Horizon?"
This chart of GOLD (XAUUSD) highlights a key resistance zone (marked in red) that has proven challenging for the price to break. The price is currently testing this ceiling and shows potential for a downward correction.
Key observations:
Resistance Zone: Around the 2740-2780 area, indicating significant selling pressure.
Trendline Support: A strong ascending trendline suggests a potential support level during the expected correction.
Projection: The price is anticipated to reject from the resistance zone, heading downward toward the trendline or key support levels.
This setup implies a short-term bearish correction before potential bullish continuation, depending on how the price interacts with the trendline support.
Key observations:
Resistance Zone: Around the 2740-2780 area, indicating significant selling pressure.
Trendline Support: A strong ascending trendline suggests a potential support level during the expected correction.
Projection: The price is anticipated to reject from the resistance zone, heading downward toward the trendline or key support levels.
This setup implies a short-term bearish correction before potential bullish continuation, depending on how the price interacts with the trendline support.
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✅ Provide Gold And All Pair Signals
✅ Minimum 1000 to 1500 Pips Weekly Target
✅ 97% Accuracy
✅ Account Management Service Available/Profit Share 50/50
t.me/FOREX_BRIGHT_FUTURE1
✅ ✅ Perfect Signals Provider With 90% Accuracy
✅ Provide Gold And All Pair Signals
✅ Minimum 1000 to 1500 Pips Weekly Target
✅ 97% Accuracy
✅ Account Management Service Available/Profit Share 50/50
t.me/FOREX_BRIGHT_FUTURE1
✅ Provide Gold And All Pair Signals
✅ Minimum 1000 to 1500 Pips Weekly Target
✅ 97% Accuracy
✅ Account Management Service Available/Profit Share 50/50
t.me/FOREX_BRIGHT_FUTURE1
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