Current Trend: Gold is moving within a range-bound structure between the support area (around $3,016 - $3,014) and the resistance area (around $3,032 - $3,036).
Key Patterns: A W-shaped pattern has been observed, indicating multiple rejections from support and resistance levels.
A breakout above resistance might push the price toward higher levels around $3,040+.
A break below support could send gold towards the $3,000 level.
Conclusion: Gold is currently ranging, and a breakout in either direction will decide the next major move. Traders should watch key support and resistance levels before entering trades.
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Key Patterns: A W-shaped pattern has been observed, indicating multiple rejections from support and resistance levels.
A breakout above resistance might push the price toward higher levels around $3,040+.
A break below support could send gold towards the $3,000 level.
Conclusion: Gold is currently ranging, and a breakout in either direction will decide the next major move. Traders should watch key support and resistance levels before entering trades.
If you found this analysis helpful, don't forget to like and follow for more updates! Got any questions? Drop them in the comments below.
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.
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.