Gold Analysis 🚨
Price is currently at a 4-hour resistance level. Additionally, we are trading near today’s high zone.
On the 15-minute timeframe, a trendline breakdown is visible, confirming bearish pressure.
📉 Bias: Bearish
🎯 Target: 5010
You can book partial profits or trail the stop-loss to breakeven, as price has reached 50% of the target and the trade is currently at 1:5 risk-to-reward ratio.
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Gold Analysis
Gold is showing a downtrend after a clear trendline breakdown. The price is also facing rejection at the 15-minute resistance level, which confirms bearish momentum. Based on this structure, price may move towards 5060, followed by 5020 levels.
#gold
Gold Analysis
Gold is showing a downtrend after a clear trendline breakdown. The price is also facing rejection at the 15-minute resistance level, which confirms bearish momentum. Based on this structure, price may move towards 5060, followed by 5020 levels.
#gold
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GOLD FUT ANALYSIS
Right now, we can see a confirmed trendline breakout on the daily timeframe. We are planning a buy trade after BOS confirm with 4H candle closing. After that, we will enter a long & our target will be 1.31K
#MCX#GOLD
XAUUSD Weekly Market Analysis
Right now, we have a clean and confirmed trendline breakout on the daily timeframe. With this breakout, we can expect the price to move toward the 4350 resistance level.