✅ Gold Analysis Update 🏆✨
📉 Gold is currently squeezing inside a descending triangle 🔺⬇️ — showing that sellers are building pressure.
The price is holding below the 200 EMA (orange line), which confirms the bearish sentiment.
👉 If price closes below 3331, we can expect further downside. 🚨
👉 But if price breaks back above 3355–3360, a short-term relief bounce is possible. 📈
⚡️ In such squeeze setups, patience is the real strategy. Breakouts are always explosive — we just need to wait for the direction! 💯
🔑 Key Levels
Resistance: 3355 – 3360
Support: 3331 – 3325
📊 Let’s see which way the market decides to move — stay ready for both sides! 🚀🔥
📉 Gold is currently squeezing inside a descending triangle 🔺⬇️ — showing that sellers are building pressure.
The price is holding below the 200 EMA (orange line), which confirms the bearish sentiment.
👉 If price closes below 3331, we can expect further downside. 🚨
👉 But if price breaks back above 3355–3360, a short-term relief bounce is possible. 📈
⚡️ In such squeeze setups, patience is the real strategy. Breakouts are always explosive — we just need to wait for the direction! 💯
🔑 Key Levels
Resistance: 3355 – 3360
Support: 3331 – 3325
📊 Let’s see which way the market decides to move — stay ready for both sides! 🚀🔥
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.