SanShone
@t_SanShone
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SanShone
Price broke and retested our zone as I marked here in my previous analysis. We can see bullish pressure now and price is testing previous major high. I expect to see break and continuation.
SanShone
Gold makes gains for the third day in a row. It is back above 2,400 for the first time since late May, and there is little resistance left on the daily charts until the recent major high at 2,450 comes into play. However, I noticed a potential bearish zone around 2,420 and I expect to see pullback now. Currently we can see bullish trend. *Gold has been considered a highly valuable commodity for millennia and the gold price is widely followed in financial markets around the world. Mostly quoted in US Dollars (XAU/USD), gold price tends to increase as stocks and bonds decline.
SanShone
We can see strong bullish move today and new support formation 2320. Price is testing previous high and it is possible to see bearish move. New potential bullish zone: 2328.
SanShone
Price formed pullback and reacted to our "bullish zone" as expected in my previous analysis. We can see higher lows formation and price just broke 2335 resistance. It is possible to see bullish continuation.
SanShone
Price reacted to our D1 support and we can see bullish reaction. I expect to see bullish move, but with a potential pullback first. Potential bullish zone: 2315
SanShone
Price is consolidating between our zones and it is currently testing 2375 significant zone. I expect to see bearish reaction, but if price breaks this zone, then it will likely continue to go up.
SanShone
Price tested our resistance zone 2040 again and failed to break it. We can also see that price failed to break 2025 level twice and I expect to see another reaction to this level, support zone creation followed with a bullish move.
SanShone
We can see strong bearish trend, but price formed demand zone around 1990 level. We can see that bullish wick rejection is forming at the moment, and if price breaks 2008 zone, it will likely continue to go up.
SanShone
Price retested our resistance and continued to go up to reach 2050 level. No we can see bearish pressure and it is likely to see bearish pullback.
SanShone
XAU/USD Testing 1927 Price confirmed 1916 zone and went up, but it is currently testing 1927. I expect to see bearish move.
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