Gold - Sell now!! Gold is trending lower overall
Aggiornato
Gold - Sell now!! Gold is trending lower overall
Gold could see a downside this week as it has entered a significant selling zone between $2,650 and $2,660. Technical indicators and market sentiment suggest that bearish trends may dominate in the coming days, providing an opportunity for traders seeking short positions.
Key levels to pay attention to
As gold moves through this sell zone, $2,687 has been identified as the key stop loss level. Traders should pay close attention to this ceiling, as a breach of this ceiling could signal a reversal of the bearish trend and push prices higher. However, if the price remains below this level, the downward momentum remains.
First goal: $2,635
The first potential downside target for gold is $2,635. This level represents a modest pullback from the current price action and could be a key fulcrum for market participants to gauge gold's strength. A decisive break below $2,635 could further fuel bearish sentiment in the market.
Second goal: $2,606
If gold breaks through the $2,635 support, the next important level will be $2,606. At this level, If gold breaks through the $2,635 support, the next important level will be $2,606. traders are likely to see selling pressure increase as bearish momentum builds. Investors should watch this level closely for signs of a sustained decline.
Third goal: $2,585
The most aggressive target for potential selling this week is $2,585. If gold reaches this level, it could signal a broader trend reversal, with further downside risks becoming more apparent. This target is likely to attract intense attention from short sellers and long-term buyers looking for a cheap entry point.
Fourth goal: $2,550
conclusion
In summary, the price of gold is expected to fall within the sell range of $2,666 to $2,671, with downside targets of $2,635, $2,606 and $2,585, with downside targets of $2,635, $2,606 and $2,585, with a stop loss of $2,687 protecting traders and ensuring that the risk is minimized in case of an unexpected price rebound. Keep an eye on these levels to see what the gold market will do next this week
Gold could see a downside this week as it has entered a significant selling zone between $2,650 and $2,660. Technical indicators and market sentiment suggest that bearish trends may dominate in the coming days, providing an opportunity for traders seeking short positions.
Key levels to pay attention to
As gold moves through this sell zone, $2,687 has been identified as the key stop loss level. Traders should pay close attention to this ceiling, as a breach of this ceiling could signal a reversal of the bearish trend and push prices higher. However, if the price remains below this level, the downward momentum remains.
First goal: $2,635
The first potential downside target for gold is $2,635. This level represents a modest pullback from the current price action and could be a key fulcrum for market participants to gauge gold's strength. A decisive break below $2,635 could further fuel bearish sentiment in the market.
Second goal: $2,606
If gold breaks through the $2,635 support, the next important level will be $2,606. At this level, If gold breaks through the $2,635 support, the next important level will be $2,606. traders are likely to see selling pressure increase as bearish momentum builds. Investors should watch this level closely for signs of a sustained decline.
Third goal: $2,585
The most aggressive target for potential selling this week is $2,585. If gold reaches this level, it could signal a broader trend reversal, with further downside risks becoming more apparent. This target is likely to attract intense attention from short sellers and long-term buyers looking for a cheap entry point.
Fourth goal: $2,550
conclusion
In summary, the price of gold is expected to fall within the sell range of $2,666 to $2,671, with downside targets of $2,635, $2,606 and $2,585, with downside targets of $2,635, $2,606 and $2,585, with a stop loss of $2,687 protecting traders and ensuring that the risk is minimized in case of an unexpected price rebound. Keep an eye on these levels to see what the gold market will do next this week
Trade attivo
It took us a month to bring this account from 5K to910K, basically guaranteeing a 99% win rate on trades. If you want to attend for free, you can contact me. We could try working together for a week. I guarantee that within a week you will experience the fun of making money. If you are satisfied with my work and want to continue the cooperation, then we can discuss the issue of paying commission. If you are not satisfied with my work, you don't have to pay me any commission! I hope we can have a chance to cooperate!
🚀 ENHANCE YOUR TRADING!! 🚀
✅ Join our FREE Telegram for Daily Signals and More Content:
t.me/+bhbqxMt3KYIzNDlk
🚀 Elevate your trades with a 20-year market veteran!
✅ Join our FREE Telegram for Daily Signals and More Content:
t.me/+bhbqxMt3KYIzNDlk
🚀 Elevate your trades with a 20-year market veteran!
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.