GOLD - SHORT TERM
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.
Uptrend Side: The price is expected to rise if a 4-hour candle closes above the 2640 level, with a stronger confirmation especially if it closes 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 2585 remains achievable.
Tendency Keys: 2606
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.
Uptrend Side: The price is expected to rise if a 4-hour candle closes above the 2640 level, with a stronger confirmation especially if it closes 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 2585 remains achievable.
Tendency Keys: 2606
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With Clear entry point and target line with stopout zone
~900 pips per week —— Accuracy more than 88%
with best learning
Be Stronger With us
THANKS for your support
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