Price is trading within a defined range, with 2639 as the upper boundary and 2585 as lower boundary.
Despite recent upward movement, lack of volume confirmation suggests caution for last two day up move. The original downside target (2536-50) remains valid until we see a decisive break above mentioned resistance levels with strong volume support.
What We Need for Bullish Confirmation:?
Until these conditions are met, my original downside target remains valid from a technical perspective.The current price action appears to be in a decision zone, and the lack of volume confirmation suggests this could still be a temporary move rather than a trend reversal so I will wait for good confirmation before initiating buy trade.
Despite recent upward movement, lack of volume confirmation suggests caution for last two day up move. The original downside target (2536-50) remains valid until we see a decisive break above mentioned resistance levels with strong volume support.
What We Need for Bullish Confirmation:?
- Clear break and close above 2639
- Price need to sustain above 2650-55 on Higher Time Frame.
- Need Strong volume to support the move
Until these conditions are met, my original downside target remains valid from a technical perspective.The current price action appears to be in a decision zone, and the lack of volume confirmation suggests this could still be a temporary move rather than a trend reversal so I will wait for good confirmation before initiating buy trade.
註釋
As on Jan 07,2025 gold is trading in sideways range but now leaning towards the bullish bias. 
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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。