✅ Current Market Structure:
We’re seeing lower highs and lower lows, which typically signals a downtrend.
The price recently fell from a resistance zone (marked in green) near $110,000.
Currently, we’re bouncing upward (forming a small correction) before a potential further drop.
✅ Key Levels:
Resistance (Supply Zone): Around $108,000–$111,000 — strong selling pressure here.
Support (Demand Zone): Around $90,000 — the projected downside target.
The price might break down toward that $90,000 range after a small upward correction.
✅ Expected Scenario:
The price may rebound toward $106,000 or even up toward $108,000 (forming a lower high), then reverse and continue its descent toward $100,000, and ultimately toward $90,000.
This forms a zig-zag down — a classical downtrend structure with lower tops and lower bottoms.
✨ If you’d like, I can:
Provide entry, stop-loss, and take-profit for a short trade.
Perform a more granular technical analysis with indicators (RSI, MACD, or Fibonacci).
We’re seeing lower highs and lower lows, which typically signals a downtrend.
The price recently fell from a resistance zone (marked in green) near $110,000.
Currently, we’re bouncing upward (forming a small correction) before a potential further drop.
✅ Key Levels:
Resistance (Supply Zone): Around $108,000–$111,000 — strong selling pressure here.
Support (Demand Zone): Around $90,000 — the projected downside target.
The price might break down toward that $90,000 range after a small upward correction.
✅ Expected Scenario:
The price may rebound toward $106,000 or even up toward $108,000 (forming a lower high), then reverse and continue its descent toward $100,000, and ultimately toward $90,000.
This forms a zig-zag down — a classical downtrend structure with lower tops and lower bottoms.
✨ If you’d like, I can:
Provide entry, stop-loss, and take-profit for a short trade.
Perform a more granular technical analysis with indicators (RSI, MACD, or Fibonacci).
💰 King Maker FX — Master the Gold Market with Precision.
Unlock real-time trends, pro strategies, and expert insights to turn every move into profit. 🚀✨ t.me/kmforexllc
Unlock real-time trends, pro strategies, and expert insights to turn every move into profit. 🚀✨ t.me/kmforexllc
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
💰 King Maker FX — Master the Gold Market with Precision.
Unlock real-time trends, pro strategies, and expert insights to turn every move into profit. 🚀✨ t.me/kmforexllc
Unlock real-time trends, pro strategies, and expert insights to turn every move into profit. 🚀✨ t.me/kmforexllc
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.