#Xauusd#Gold looks bearish here after breaking down from a symmetrical triangle. If price retests the broken structure and shows rejection, it could lead to further downside and lower levels in gold.
For now, the focus is on whether this retest turns bearish and confirms continuation. LetтАЩs see how price reacts.
#Xauusd#Gold looks bearish here after breaking down from a symmetrical triangle. If price retests the broken structure and shows rejection, it could lead to further downside and lower levels in gold.
For now, the focus is on whether this retest turns bearish and confirms continuation. LetтАЩs see how price reacts.
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Gold is currently trading inside a channel , and after rejecting the upper boundary, price has started to show signs of short-term weakness.
At the moment, price is slowly drifting downward toward this zone. However, the bearish continuation scenario will only become valid if gold decisively breaks and sustains below this highlighted support area. As marked on the chart, this level needs to be broken first before expecting any deeper downside movement.
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Gold is currently trading inside a channel , and after rejecting the upper boundary, price has started to show signs of short-term weakness.
At the moment, price is slowly drifting downward toward this zone. However, the bearish continuation scenario will only become valid if gold decisively breaks and sustains below this highlighted support area. As marked on the chart, this level needs to be broken first before expecting any deeper downside movement.
#Gold $Gold
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Gold respected our analysis perfectly and the move is playing out well ЁЯОп
Trade currently running in Good profit ЁЯдСЁЯЪА
Stay updated with more $Gold setups on our Telegram channel тАФ Link in Bio ЁЯСЖ
#Xauusd Update
Gold respected our analysis perfectly and the move is playing out well ЁЯОп
Trade currently running in Good profit ЁЯдСЁЯЪА
Stay updated with more $Gold setups on our Telegram channel тАФ Link in Bio ЁЯСЖ
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Gold is currently trading in a descending channel on the 1-hour timeframe. After rejecting the lower boundary of the channel, price has started forming a short-term bullish movement, indicating that buyers are attempting to drive the market toward the upper boundary of the structure.
However, the upper boundary of the channel remains a significant dynamic resistance. Unless price manages to break and sustain above that level.
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Gold is currently trading in a descending channel on the 1-hour timeframe. After rejecting the lower boundary of the channel, price has started forming a short-term bullish movement, indicating that buyers are attempting to drive the market toward the upper boundary of the structure.
However, the upper boundary of the channel remains a significant dynamic resistance. Unless price manages to break and sustain above that level.
#Gold $Xauusd
#Xauusd
Gold is currently trading in a descending channel on the 1-hour timeframe. After rejecting the lower boundary of the channel, price has started forming a short-term bullish movement, indicating that buyers are attempting to drive the market toward the upper boundary of the structure.
However, the upper boundary of the channel remains a significant dynamic resistance. Unless price manages to break and sustain above that level.
#Gold $Xauusd
#Xauusd Update
Gold respected our analysis perfectly and the move is playing out well ЁЯОп
Trade currently running in 610 +pips profit ЁЯдСЁЯЪА
Stay updated with more $Gold setups on our Telegram channel тАФ Link in Bio ЁЯСЖ
#Xauusd Update
Gold respected our analysis perfectly and the move is playing out well ЁЯОп
Trade currently running in 610 +pips profit ЁЯдСЁЯЪА
Stay updated with more $Gold setups on our Telegram channel тАФ Link in Bio ЁЯСЖ
#Xauusd#Gold has finally broken the rising channel after a long period of compression.
Price was respecting this ascending triangle, making higher highs and higher lows inside the channel. But the recent move shows the shift bullish momentum.
After the breakdown, the market is now retesting the broken trendline, which often acts as a new resistance.
If this rejection continues, we can expect a continuation towards lower liquidity levels.
#Xauusd#Gold has finally broken the rising channel after a long period of compression.
Price was respecting this ascending triangle, making higher highs and higher lows inside the channel. But the recent move shows the shift bullish momentum.
After the breakdown, the market is now retesting the broken trendline, which often acts as a new resistance.
If this rejection continues, we can expect a continuation towards lower liquidity levels.
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#Gold Going As per Our Analysis ЁЯОп
Running 550 + Pips ЁЯдСЁЯЪА
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#Xauusd Update
#Gold Going As per Our Analysis ЁЯОп
Running 550 + Pips ЁЯдСЁЯЪА
Join Our Telegram Channel For such more $Gold Updates ( Link Is In Bio ЁЯСЖ )
$Xauusd
#Xauusd Update
#Gold Going As per Our Analysis ЁЯОп
Running 500+ Pips ЁЯдСЁЯЪА
Join Our Telegram Channel For such more $Gold Updates ( Link Is In Bio ЁЯСЖ )
$Xauusd