Oro / DollaroShort
GOLD outlook for today.
In this chart we are looking on the 15-minute timeframe.
Key Levels:
Resistance Zone (around 2,654.5 to 2,658.5) where price may face selling pressure.
Support Zone (2,626.19): Marked as the target area for potential price movement.
Price Prediction:
The chart suggests a bearish outlook
A potential retracement (short-term upward move) toward the resistance zone.
Followed by a sharp decline (double arrows) to the target level at 2,626.
Risk-to-Reward:
A stop-loss is positioned above the resistance zone (2,665.21 USD).
The take-profit is positioned at the lower support level (2,626.19 USD), creating a favorable risk-to-reward ratio.
Technical Pattern:
The chart indicates a downtrend continuation with lower highs and lower lows, suggesting the bearish momentum could persist.
ALWAYS USE STOPLOSS AND TAKE PROFIT AS WELL AS RISK MANAGEMENT FOR YOUR TRADES.
ITS JUST MY ANALYSIS OR PREDICTION LET'S SEE WHAT WILL HAPPEN IF YOU LIKE MY IDEA SO SUPPORT ME AND BOOST TO APPRECIATES.
Key Levels:
Resistance Zone (around 2,654.5 to 2,658.5) where price may face selling pressure.
Support Zone (2,626.19): Marked as the target area for potential price movement.
Price Prediction:
The chart suggests a bearish outlook
A potential retracement (short-term upward move) toward the resistance zone.
Followed by a sharp decline (double arrows) to the target level at 2,626.
Risk-to-Reward:
A stop-loss is positioned above the resistance zone (2,665.21 USD).
The take-profit is positioned at the lower support level (2,626.19 USD), creating a favorable risk-to-reward ratio.
Technical Pattern:
The chart indicates a downtrend continuation with lower highs and lower lows, suggesting the bearish momentum could persist.
ALWAYS USE STOPLOSS AND TAKE PROFIT AS WELL AS RISK MANAGEMENT FOR YOUR TRADES.
ITS JUST MY ANALYSIS OR PREDICTION LET'S SEE WHAT WILL HAPPEN IF YOU LIKE MY IDEA SO SUPPORT ME AND BOOST TO APPRECIATES.
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t.me/bullionbuzz
t.me/bullionbuzz
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