hello guys.
Let's analysis gold
- Current Trend: Bearish
- Chart Patterns:
- Descending Trendline: Indicates downward pressure on prices.
- Key Level: $2404 - $2,400 identified as an entry-level for selling.
- Support Levels:
- $2,338.842: Strong support area, a potential target for the current bearish trend.
- Price Action:
- Recent rejection from the entry-level suggests further downside.
- Prices are expected to move towards the $2,338.842 support level.
The chart indicates a bearish trend with potential selling opportunities around the $2404- $2,400 level, targeting the support level at $2,338.842.
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