Gold is currently hovering around key support zones, where price has shown strong reactions in the past. If the market gives respect to these lower supports, a potential bullish reversal can take place.
We can observe that the price is slowing down its bearish momentum and attempting to form a base near the support region. A clean bullish candle formation or a shift in structure could confirm buyers’ presence and indicate that the market is preparing for a possible upside move.
As long as the support holds and price sustains above it, buyers may remain in control. This setup favors a buy scenario, but patience is required for confirmation from price action before execution.
We can observe that the price is slowing down its bearish momentum and attempting to form a base near the support region. A clean bullish candle formation or a shift in structure could confirm buyers’ presence and indicate that the market is preparing for a possible upside move.
As long as the support holds and price sustains above it, buyers may remain in control. This setup favors a buy scenario, but patience is required for confirmation from price action before execution.
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Telegram Username 👉 t.me/Sky_Hatton
Get 3–5 Free Daily Signals with high accuracy.
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Telegram Username 👉 t.me/Sky_Hatton
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.