GOLD - The pattern is controlled by negative pressure(2733,2714)
Generally, the direction is an uptrend
We have two potential bearish scenarios: first, the price might rise to 2757 before beginning a downward movement. Alternatively, the price could break through the resistance levels at 2757 and 2778, reaching 2787, before initiating a significant decline overall.
Downtrend Side: For the bearish trend to materialize, the price must break below 2733 and cross 2714, particularly if a 4-hour candle closes beneath this level.
Uptrend Side: We are observing an uptrend towards 2757. A break above this level could lead to further gains, potentially reaching 2778 and 2787.
Tendency Keys: 2733
We have two potential bearish scenarios: first, the price might rise to 2757 before beginning a downward movement. Alternatively, the price could break through the resistance levels at 2757 and 2778, reaching 2787, before initiating a significant decline overall.
Downtrend Side: For the bearish trend to materialize, the price must break below 2733 and cross 2714, particularly if a 4-hour candle closes beneath this level.
Uptrend Side: We are observing an uptrend towards 2757. A break above this level could lead to further gains, potentially reaching 2778 and 2787.
Tendency Keys: 2733
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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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