Trend Analysis
Uptrend Channel (Green lines): Price was previously moving upward within a rising channel.
Breakdown: Price broke below the channel, indicating a trend reversal or weakening bullish momentum.
---
Current Situation
Price: Currently around $3,294.98, down by 0.61%.
Trendline Resistance: A downward sloping trendline (green line) is acting as resistance.
The price is struggling to break this line, which is marked with a yellow circle.
---
Key Scenarios
1. Bullish Breakout:
If price breaks above the resistance trendline,
The next potential target is around $3,350, as labeled on the chart.
2. Bearish Continuation:
If price fails to break the trendline and drops,
It may head towards the support zone (highlighted in red), likely between $3,270 - $3,260.
---
Conclusion
Watch for breakout or rejection at the trendline.
Breakout = bullish move to $3,350.
Rejection = bearish drop to support zone.
Uptrend Channel (Green lines): Price was previously moving upward within a rising channel.
Breakdown: Price broke below the channel, indicating a trend reversal or weakening bullish momentum.
---
Current Situation
Price: Currently around $3,294.98, down by 0.61%.
Trendline Resistance: A downward sloping trendline (green line) is acting as resistance.
The price is struggling to break this line, which is marked with a yellow circle.
---
Key Scenarios
1. Bullish Breakout:
If price breaks above the resistance trendline,
The next potential target is around $3,350, as labeled on the chart.
2. Bearish Continuation:
If price fails to break the trendline and drops,
It may head towards the support zone (highlighted in red), likely between $3,270 - $3,260.
---
Conclusion
Watch for breakout or rejection at the trendline.
Breakout = bullish move to $3,350.
Rejection = bearish drop to support zone.
Trade active
Trade closed: target reached
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Disclaimer
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t.me/htGGOLD_SOUK_Trd
🟢All Pairs Signals Provided
🟡XAUUSD AND CRYPTO
✅Just Register now and Enjoy
✅No swap & No commission
one.exnesstrack.org/a/siuhoykv4s
🟢All Pairs Signals Provided
🟡XAUUSD AND CRYPTO
✅Just Register now and Enjoy
✅No swap & No commission
one.exnesstrack.org/a/siuhoykv4s
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.