📉 Gold is testing its parallel channel resistance – historically a key turning point!
🔧 Overlay This on Your Chart:
Draw a parallel channel covering the recent uptrend
Highlight current price action touching the upper resistance line
Mark potential downside targets:
📍 Target 1: ₹85,792
📍 Target 2: ₹84,240
🧠 What to Watch:
Price rejection from resistance? Possible short setup 🔻
Breakout above channel? Re-evaluate bias
***This is just for educational purposes***
🔧 Overlay This on Your Chart:
Draw a parallel channel covering the recent uptrend
Highlight current price action touching the upper resistance line
Mark potential downside targets:
📍 Target 1: ₹85,792
📍 Target 2: ₹84,240
🧠 What to Watch:
Price rejection from resistance? Possible short setup 🔻
Breakout above channel? Re-evaluate bias
***This is just for educational purposes***
Penafian
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Penafian
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.