GOLD - NEGATIVE MOVEMENT

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Summary: As we mentioned, the price fell according to our analysis. The price is currently trading below the 2640 level and is attempting to rise and break it. This level may reject the price, but it might trade above this level temporarily before resuming its decline toward the 2606 level, which remains our target.

It is important to note that the downtrend is still active. For the trend to shift to an uptrend, the price needs to establish itself above the 2669 level.

Downtrend Side: The bearish trend remains active as long as the price trades below the 2640 level. In this scenario, reaching the support levels of 2606 and 2566 remains achievable.

Uptrend Side: to rise if a 4-hour candle closes above the 2640 level, with a stronger confirmation, especially if it closes above the 2669 level.

Tendency Keys: 2606
交易進行
Fall by +40 pip profit ✅, the bearish scenario will begin when the price stabilizes below 2640, so currently, as long as the price is trading below this level, it will fall to touch 2605 and 2566.
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