Gold price showed a sharp upward movement but faced resistance near the 3212–3220 zone. After forming a lower high, the structure appears to be setting up for a potential downside move.
The market seems to be respecting a descending channel and if the current resistance holds, we could see further continuation toward the 3120–3122 support area. Volume spike during the drop also indicates possible seller strength.
This is an educational analysis based on price structure and market behavior.
Feel free to share your thoughts or give a boost if it aligns with your view.
🔍 Key Points:
Resistance Area: ~3212–3220
Current Price Reaction: Forming lower highs
Target Zone: 3120–3122 (support)
Pattern: Bearish flag or channel
Volume: Increased on downside move – shows selling pressure
The market seems to be respecting a descending channel and if the current resistance holds, we could see further continuation toward the 3120–3122 support area. Volume spike during the drop also indicates possible seller strength.
This is an educational analysis based on price structure and market behavior.
Feel free to share your thoughts or give a boost if it aligns with your view.
🔍 Key Points:
Resistance Area: ~3212–3220
Current Price Reaction: Forming lower highs
Target Zone: 3120–3122 (support)
Pattern: Bearish flag or channel
Volume: Increased on downside move – shows selling pressure
İşlem kapandı: hedefe ulaştı
hold for 4 houre
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.