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GOLD - BULLISH Attempt
Gold prices have been gradually moving upwards, steadily approaching the 2669 resistance level. This level has been acting as a strong defense, which has been difficult to break. A breakout above 2669 could open the door to further gains, targeting the next resistance levels at 2701 and 2714. These levels represent key price zones where we might see a potential shift in market sentiment, potentially leading to higher price action.
However, if the price fails to break above the 2669 resistance and remains under this level, we are likely to see downward pressure on the price. The longer the price stays below 2669, the more significant the downward movement could become, as sellers may step in, pushing the price lower. In such a scenario, we could expect a decline towards the next support levels at 2624 and 2606, where buying interest may emerge, potentially stabilizing the price.
However, if the price fails to break above the 2669 resistance and remains under this level, we are likely to see downward pressure on the price. The longer the price stays below 2669, the more significant the downward movement could become, as sellers may step in, pushing the price lower. In such a scenario, we could expect a decline towards the next support levels at 2624 and 2606, where buying interest may emerge, potentially stabilizing the price.
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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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