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
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.