ArshlyP

Gold Price Analysis: Bearish Outlook and Target of 2454 Overview: Gold has been showing a clear bearish trend since late last week, signaling more downside ahead. Here’s a breakdown of the current market structure and why I’m eyeing a move down to 2454. Gold has been forming lower highs and lower lows, a typical sign of a bearish market. Buyers have struggled to push prices up, and each attempt has been met with stronger selling pressure. - Lower Highs: The fact that gold can't break above previous highs suggests weakening bullish momentum. - Lower Lows: Prices continue to break below support levels, showing that sellers are in control and driving the market lower. Key Technical Levels: - Resistance: Around 2500, sellers have stepped in repeatedly, making this a strong resistance zone. - Support: The next key level to watch is 2454, where I expect gold might find some buying interest or potentially break lower. Why I’m Targeting 2454 1. Market Sentiment: The current trend and technicals suggest sellers are in control, likely pushing gold down to 2454. 2. Economic Factors: A stronger U.S. dollar or rising interest rates could add to the selling pressure on gold. 3. Volume: Increasing volume on down days indicates institutional selling, which supports the bearish trend. Conclusion: Given the bearish structure, I’m planning to sell around 2490, targeting a move down to 2454. This level will be key—if it holds, we might see a bounce; if not, further declines could be on the horizon.

Looking for a strong push to the upside as we head to NY session . - My area of interest is the next Hourly Order Block round about 1968.54 which will my Major TP and looking for new highs before the year ends . NB:-Gold moves zone to zone through momentum and liquidity - observe NY -M15 view * I'll be back with an update ....Levels have been invalidated

-Looking for short opportunities Today throughout NY session . -Keeping in mind NON farm payroll news and Unemployment rate decision Today on NY open . * looking for short positions to 2001 and 1995 .Took profit at 2001 with over 250 + pips * looking to see the market heading to our overall target at 1995.66Overall Take profit reached - 1995.66 on point

Gold is currently creating a break and retest BULLISH confirmation to the upside - atleast 1982 . * Gold moves from zone to zone and it respects major key levelsLevels are being respected - Zero Drawdown Zone to Zone - Up and Beyond1982 touched followed by a heavy sell . Overall move was completed and the levels were respected

Break out & retest technical setup on Bitcoin . With fundamental influence , we will see a push up to 50k in the next 40days

Daily Order Block has been cleared with the previous week's movement . Support Level on Daily shows potential push to the upside . NB : The dotted lines are stop levels ; Do not buy below the dotted lines ; Noting the support and resistance level on to to zone *(Fundamental speculation) > Investors investing more on metals during Festive season compared to crypto market . Overall GOLD WILL GO UP IN VALUEGold gold gold ! Mighty Gold Into the future

Heavy melt down when the 4hour , 8 hour Order block is respected . Otherwise respect the levels. - Sell levels 1784,76 NB : Non Farm Payroll will heavily affectSell levels were not respected , follow levels according to setup

Gold is targeting the Order block on 4 hour at 1733,88. Recent massive weakness of Usdollar index has caused indecision on gold price going against latest Bearish sentiment . For short term trading , consider entry at the break and retest of next support level of 1748 with a target of up to 100 pips (1738)Gold hit my Major Stoploss , i will observe the price see how the daily setup goesGold moves from zone to zone , Stoploss has to be respected and levels has to be observed (LONG TERM TARGET 1793 AFTER BREAKOUT OF 1782re ACTIVATE TRADE RESPECTIVELY ACCORDING TO SETUP

Gold is approaching Daily and H4 Order block . I will be waiting for confirmation to sell at around 1790 . If price breaks above my next resistance , and invalidate H4 OB the setup will be invalid

The price is still struggling to trade above 1806 which shows that the Bears are still in control . We have to see price break 1782.22 for the market to continue until 1760 . Currently waiting for confirmation and how the market will open and respond to my Setup //// Waiting for trade update