GOLD

When gold touches the supply roof on the daily chart, it's a significant development. The supply roof represents a strong resistance level where sellers are likely to enter the market on sentiment the ascending trendline have kept bearish order and a tap into the structure on newyork session at 2763.8 might return correction where we will look on demand floor from 2716-2715 for buy opportunity.
Given this scenario, there are two possible outcomes:
Outcome 1: Respect the Supply Roof
In this scenario, gold's price action respects the supply roof, and the price is rejected at this level. This could lead to a pullback or a consolidation phase, as sellers overpower buyers.
Outcome 2: Break Above the Supply Roof
Alternatively, gold's price action might break above the supply roof, indicating a potential trend continuation , This would suggest that buyers have overcome the selling pressure, and the price might continue to rise where i see a retest into current all time high in the zone of retest 2800-2798-2793 sell zone and the end of the daily rally will be on the roof of our cloned supply roof in the of 2856-2867 for pay day.
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