GOLD/ Decline Below 2666, Resistance at 2732-2757
The price has formed a descending channel once again, and trading continues within it. Today, there is a brief upward movement before it declines, potentially breaking through the 2666 level.
Currently, the price is above the 2666 level, supporting a rise towards the upper channel trend. However, for the price to move higher, a breakout above the channel trend is necessary, confirmed by a close of the 4-hour candle.
The bearish trend remains in place as long as the price trades within the channel and below the 2732 and 2757 zones. A sharp decline is expected today, with the price potentially breaking below the 2666 level and moving towards 2636.
Key Levels: 2666
Currently, the price is above the 2666 level, supporting a rise towards the upper channel trend. However, for the price to move higher, a breakout above the channel trend is necessary, confirmed by a close of the 4-hour candle.
The bearish trend remains in place as long as the price trades within the channel and below the 2732 and 2757 zones. A sharp decline is expected today, with the price potentially breaking below the 2666 level and moving towards 2636.
Key Levels: 2666
about 4 Analysis per day.
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
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
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.