Золото / Доллар СШАДлинная
Gold Price Action Key Points
Gold Price Action Key Points
Key breakout level above: 2,671
Critical support zone: 2,633-2,640,This is currently acting as a solid floor and has been tested multiple times recently
Volume Analysis:
Increasing volume on upward movements
Lower volume on pullbacks, suggesting less selling pressure
Overall : The price action suggests a bullish bias with controlled pullbacks and strong support levels and The overall structure remains bullish as long as price stays above the marked support zone , On breakdown the support we have to wait for confirmation from lower levels on breakdown 2,602 ( S1) - This could act as a secondary support if we see a pullback.
- Small bodied candles at current levels indicating indecision
- Previous strong green candles with good bodies showing buyer conviction
- Recent red candles haven't created significantly lower lows, suggesting controlled selling
Key breakout level above: 2,671
Critical support zone: 2,633-2,640,This is currently acting as a solid floor and has been tested multiple times recently
Volume Analysis:
Increasing volume on upward movements
Lower volume on pullbacks, suggesting less selling pressure
Overall : The price action suggests a bullish bias with controlled pullbacks and strong support levels and The overall structure remains bullish as long as price stays above the marked support zone , On breakdown the support we have to wait for confirmation from lower levels on breakdown 2,602 ( S1) - This could act as a secondary support if we see a pullback.
Заметка
Price is trading in sideways/Consolidaion range as on Jan 07, 2025 and soon we will get confirmation of buy move
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