Technical analyse
The market is currently in a consolidation phase, trading within a descending channel.
A fake breakout occurred below the support line, but the price has quickly recovered and is now testing the upper boundary of the descending channel.
If the price breaks above 20,420, this could confirm a bullish reversal, with potential upside targets around 20,717 and 20,900.
If the price fails to break the channel and the consolidation zone, a bearish move could resume, retesting lower support levels at 20,126 or 19,990.
The key bullish support area is at 20,420, as breaking it would likely support the upward move toward 20710.
For now, monitor the breakout from the channel and consolidation zone for a clearer direction.
Key Levels:
Pivot Point: 20330
Resistance Levels: 20480, 20540, 20710
Support Levels: 20230, 20130, 19990
Trend:
- Bullish above 20330
- Bearish below 20330
The market is currently in a consolidation phase, trading within a descending channel.
A fake breakout occurred below the support line, but the price has quickly recovered and is now testing the upper boundary of the descending channel.
If the price breaks above 20,420, this could confirm a bullish reversal, with potential upside targets around 20,717 and 20,900.
If the price fails to break the channel and the consolidation zone, a bearish move could resume, retesting lower support levels at 20,126 or 19,990.
The key bullish support area is at 20,420, as breaking it would likely support the upward move toward 20710.
For now, monitor the breakout from the channel and consolidation zone for a clearer direction.
Key Levels:
Pivot Point: 20330
Resistance Levels: 20480, 20540, 20710
Support Levels: 20230, 20130, 19990
Trend:
- Bullish above 20330
- Bearish below 20330
Technical analyst focused on gold, indices, and forex.
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
More at: sroshmayi.com/
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
More at: sroshmayi.com/
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.
Technical analyst focused on gold, indices, and forex.
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
More at: sroshmayi.com/
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
More at: sroshmayi.com/
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.