Gold's Bearish Momentum: Breaking Below Key Levels, What's Next?

🔹Gold (XAU/USD) 1H Technical Analysis
▪️Resistance & Rejection:
Price tested a key resistance area around 2,920 and faced strong rejection, confirming bearish pressure.
▪️Point of Interest & Retest:
The market has broken below the 2,896 zone, which now acts as a resistance. A retest of this level could confirm further downside.
▪️Bearish Target:
If the price sustains below 2,896, the next target is around 2,849, aligning with historical support levels.
▪️Volume & Momentum:
Increased volume on the breakdown suggests strong bearish momentum, favoring further declines.
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▪️Resistance & Rejection:
Price tested a key resistance area around 2,920 and faced strong rejection, confirming bearish pressure.
▪️Point of Interest & Retest:
The market has broken below the 2,896 zone, which now acts as a resistance. A retest of this level could confirm further downside.
▪️Bearish Target:
If the price sustains below 2,896, the next target is around 2,849, aligning with historical support levels.
▪️Volume & Momentum:
Increased volume on the breakdown suggests strong bearish momentum, favoring further declines.
😊If you enjoy, press the like button.
Emir iptal
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İlgili yayınlar
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.
💸FREE FOREX Signals in Telegram : t.me/FxInsightsHub0
🔹Join Our Telegram Channel, Pure Price Action Based Signals With Chart Analysis.
t.me/FxInsightsHub0
🚀FREE CRYPTO Signals In Telegram: t.me/FxInsightsHub0
🔹Join Our Telegram Channel, Pure Price Action Based Signals With Chart Analysis.
t.me/FxInsightsHub0
🚀FREE CRYPTO Signals In Telegram: t.me/FxInsightsHub0
İlgili yayınlar
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.