Yesterday's slight price recovery(Green Closing) appears to be a normal bounce after the sharp two-day decline. This aligns with typical market behavior where prices don't move in straight lines, even during strong drop or rise.
The current price action (3349) is still trading well below to golden fib zone(3380-3408) , which suggests that price is still under sellers control as of now.
The key will be whether price respects the first support level around 3150-65 or breaks through it, potentially accelerating toward my 3000 target.
As today is the weekly close, this will be particularly important for setting the tone for next week trading. If gold closes significantly below recent highs, it would strengthen the bearish /correction case for the short-term outlook that I have projected.
The current price action (3349) is still trading well below to golden fib zone(3380-3408) , which suggests that price is still under sellers control as of now.
The key will be whether price respects the first support level around 3150-65 or breaks through it, potentially accelerating toward my 3000 target.
As today is the weekly close, this will be particularly important for setting the tone for next week trading. If gold closes significantly below recent highs, it would strengthen the bearish /correction case for the short-term outlook that I have projected.
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✅For Live Update on Gold Price and trade opportunities ; Join Free community
t.me/livepriceactiontrading
t.me/livepriceactiontrading
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。