GOLD POSSIBLE REVERSAL
The price has been making higher highs and higher lows since late January. Momentum remains bullish, but signs of consolidation are visible. Price is currently stabilizing after a volatile move, suggesting indecision.
Bullish Entry: If price breaks above the recent highs (~2,870-2,875), we may see a continuation toward 2,900 , 2905 , 2911
Bearish Case: If price fails to break higher and drops below 2,850, it could trigger a correction toward 2,812-2,807 Previous liquidity zone, potential demand area further 2,734: Major bottom liquidity.
Bullish Entry: If price breaks above the recent highs (~2,870-2,875), we may see a continuation toward 2,900 , 2905 , 2911
Bearish Case: If price fails to break higher and drops below 2,850, it could trigger a correction toward 2,812-2,807 Previous liquidity zone, potential demand area further 2,734: Major bottom liquidity.
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