In my Friday analysis, I highlighted that while the 2660-2665 zone is a technical support, it is too obvious and very likely to fall.
This prediction came true as the week closed with Gold trading below this level, forming a strongly bearish daily candle.
Additionally, a Pin Bar from the 2700+ resistance zone appeared on the weekly chart, reinforcing the bearish outlook.
During the Asian session last night, the price tested the ascending trendline, and as of now, Gold is trading at 2656, hinting at a potential rebound following the 800-pip drop from its recent peak.
Looking ahead, if a deeper rebound occurs, the 2680 zone will be a key level for bears to monitor. This area presents an ideal shorting opportunity given its favorable risk-to-reward setup.
At the moment, I’m out of the market, waiting to sell into signs of weakness, with 2610 support as my target.
This prediction came true as the week closed with Gold trading below this level, forming a strongly bearish daily candle.
Additionally, a Pin Bar from the 2700+ resistance zone appeared on the weekly chart, reinforcing the bearish outlook.
During the Asian session last night, the price tested the ascending trendline, and as of now, Gold is trading at 2656, hinting at a potential rebound following the 800-pip drop from its recent peak.
Looking ahead, if a deeper rebound occurs, the 2680 zone will be a key level for bears to monitor. This area presents an ideal shorting opportunity given its favorable risk-to-reward setup.
At the moment, I’m out of the market, waiting to sell into signs of weakness, with 2610 support as my target.
交易結束:目標達成
Support touched📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
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這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
相關出版品
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。