Gold is approaching a critical support area.
Previously, the price was holding above a key support level, but that zone has now been breached and is likely to act as resistance going forward. However, just beneath the current price, there's a well-established support level still intact—reinforced further by the presence of a bullish Fair Value Gap (FVG).
This setup hints at a possible reversal or a short-term surge from this zone. If market conditions align, gold may stage a pump from here. Keep this level on your radar—it could turn into a decisive point for price direction.
🛡 Always conduct your own analysis before taking any trades. DYOR.
Previously, the price was holding above a key support level, but that zone has now been breached and is likely to act as resistance going forward. However, just beneath the current price, there's a well-established support level still intact—reinforced further by the presence of a bullish Fair Value Gap (FVG).
This setup hints at a possible reversal or a short-term surge from this zone. If market conditions align, gold may stage a pump from here. Keep this level on your radar—it could turn into a decisive point for price direction.
🛡 Always conduct your own analysis before taking any trades. DYOR.
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join for free market signals and analysis 👇👇👇
t.me/+lNe8i_FBXQE0MGU0
t.me/+lNe8i_FBXQE0MGU0
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.