Long

Market next move

1. Bearish Rejection from Resistance

Disruption: The price has struggled to break above the 3,240–3,250 area multiple times. This could indicate strong resistance.

Implication: If the price fails again, we may see a rejection and a move down towards the 3,180–3,160 support range instead of a bullish breakout.

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2. Volume Analysis Caution

Disruption: The volume during recent upward moves is not significantly higher than the downswings.

Implication: Weak buying volume might not support a strong breakout, suggesting a fakeout could occur.

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3. False Breakout Possibility

Disruption: A possible fake breakout above the red box might lure in buyers before a reversal.

Implication: Watch for a "bull trap" where the price briefly breaks up and then reverses sharply downward.

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4. Macro Events Ahead

Disruption: The timing (around May 20) could align with macroeconomic news (e.g., Fed minutes, CPI, etc.).

Implication: News can trigger volatility and negate technical expectations.

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5. RSI or Momentum Indicators?

Disruption: Without checking RSI or other momentum indicators, the analysis might lack confirmation.

Implication: Overbought/oversold conditions could shift the bias unexpectedly.

Gold_Free_Signals

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𝙁𝙤𝙧𝙚𝙭 𝙩𝙧𝙖𝙙𝙞𝙣𝙜 𝙚𝙭𝙥𝙚𝙧𝙞𝙚𝙣𝙘𝙚 𝙩𝙚𝙖𝙢 ☺️ 𝙢𝙖𝙣𝙖𝙜𝙚 𝙮𝙤𝙪𝙧 𝙖𝙘𝙘𝙤𝙪𝙣𝙩 𝙢𝙖𝙠𝙞𝙣𝙜 𝙢𝙤𝙣𝙚𝙮 🤑💰
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Gold_Free_Signals

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