GOLD OUTLOOK

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The weekly chart shows gold in a clear uptrend, consistently respecting the lower trendline, which has been touched four times. As the price approaches the fourth touchpoint, it suggests the uptrend may be nearing its peak. However, there could still be some room for an upward move towards the upper trendline. If a rejection occurs after reaching this level, it would signal a potential sell opportunity, with a likely target around 2300.

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تم فتح الصفقة

As anticipated, the price moved up to test the upper trendline. We've observed three failed attempts to break through—two to the upside and one to the downside. Each attempt moved an average of $50, which helps us determine our stop-loss position.

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تم فتح الصفقة

250+ pips Dropped after pushed up.

The weekly candle has turned Red signalling a further drop to 2530 support previously acted as resistance.

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ملاحظة

Accuracy in Display.

So far respecting my analysis

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تم فتح الصفقة

Adding Sell 2577