GOLD/ Trying To Break SUPPORT
Gold prices rose slightly in trading on Tuesday, the last trading day of an eventful year, as the yellow metal achieved its best annual performance in more than a decade.
Summary: The price may rise to 2623, undergo a correction, and subsequently initiate a bearish trend.
Generally, the direction is a downtrend.
Downtrend Perspective: Should trading persist below the 2640 level, the bearish trend is anticipated to remain in effect, with potential targets at 2606 and 2566.
Uptrend Perspective: The price is expected to trend upward upon surpassing the 2640 level, with further momentum likely if it successfully reaches and exceeds 2664.
Tendency Keys: 2623
Summary: The price may rise to 2623, undergo a correction, and subsequently initiate a bearish trend.
Generally, the direction is a downtrend.
Downtrend Perspective: Should trading persist below the 2640 level, the bearish trend is anticipated to remain in effect, with potential targets at 2606 and 2566.
Uptrend Perspective: The price is expected to trend upward upon surpassing the 2640 level, with further momentum likely if it successfully reaches and exceeds 2664.
Tendency Keys: 2623
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With Clear entry point and target line with stopout zone
~900 pips per week —— Accuracy more than 88%
with best learning
Be Stronger With us
THANKS for your support
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