Chart Observation:
Gold is currently in a corrective downtrend, forming multiple Harmonic patterns.
The recent structure has created a bearish harmonic pattern again, indicating potential continuation of the fall.
Price has retraced into a supply zone but failed to create a bullish breakout.
Key Levels & Strategy:
Critical Breakdown Level: 3225 USD
Below this level, expect strong selling confirmation.
Breakdown of this support will likely trigger aggressive downside movement.
Target Level: 3135 USD
This is the next strong support zone.
Expect price to reach this level swiftly once breakdown is confirmed.
Pattern Behavior:
Historically, such breakdowns lead to impulsive and sharp declines.
Aggressive sellers dominate after confirmation, leading to quick price drops.
Disclaimer:
This analysis is for educational purposes only and does not constitute investment advice. Trading and investing involve substantial risk. Please do your own research or consult with a financial advisor before making any trading decisions.
Gold is currently in a corrective downtrend, forming multiple Harmonic patterns.
The recent structure has created a bearish harmonic pattern again, indicating potential continuation of the fall.
Price has retraced into a supply zone but failed to create a bullish breakout.
Key Levels & Strategy:
Critical Breakdown Level: 3225 USD
Below this level, expect strong selling confirmation.
Breakdown of this support will likely trigger aggressive downside movement.
Target Level: 3135 USD
This is the next strong support zone.
Expect price to reach this level swiftly once breakdown is confirmed.
Pattern Behavior:
Historically, such breakdowns lead to impulsive and sharp declines.
Aggressive sellers dominate after confirmation, leading to quick price drops.
Disclaimer:
This analysis is for educational purposes only and does not constitute investment advice. Trading and investing involve substantial risk. Please do your own research or consult with a financial advisor before making any trading decisions.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.