absidheeqm94
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absidheeqm94
Gold is currently testing the 3450 resistance zone after a strong bullish run within the channel. A short-term retracement is possible toward the 3428 – 3403 zone, and deeper toward 3388 – 3320 if selling pressure continues. 3320 remains the key level to watch – if it holds, we can expect an extreme bullish continuation targeting 3470 → 3496 → 3500+. If 3320 breaks, downside pressure could extend further before buyers regain control. 📌 Overall bias: Bullish continuation favored as long as 3320 support holds.Watch the red lines for resistance and support
absidheeqm94
Gold has reached a strong resistance zone around 3420 – 3440 after a sharp rally. I expect a potential pullback before continuation: Short-term rejection likely from current resistance. Possible retracement toward the 3300 – 3310 demand zone (confluence with trendline support). If buyers hold this area, we could see a strong bullish continuation targeting 3438+ levels. ⚠️ Keep an eye on upcoming USD news for volatility.Confirmation is 1 hr close below 3403-3405price didnt closed below 3403-3405
absidheeqm94
Gold 2 hr chart based on the 2hr time fame , the price support at 3384 creating a ascend channelTarget full achieved
absidheeqm94
gold price analysis, in 4HR forming rising wedge and also approching a 1.268 level as per my fibo,and there is demand in the down marked area, so expect a down move and rise again.
absidheeqm94
idea based wave analysis ,expecting a correction in lower time frame and larger wave in bigger time time frame, study yourself before trading
absidheeqm94
Technical Analysis: Gold has recently is trading in a big range, ideal entry point for a long position as shown in chart. This gap signifies a potential imbalance in the market, with buyers likely to step in and drive prices higher.Fundamental Analysis: With ongoing economic uncertainties and inflation concerns, gold remains a go-to safe-haven asset. This adds additional confidence to the bullish technical setup.Risk/Reward Ratio: Manage your risks 1:3🔥 Join the Journey!Follow me for more detailed trading strategies and real-time setups! I’ll keep you updated on this gold trade and others as they develop. Let’s make the most of these market opportunities together! 💪💬 What’s Your Take?How do you see this gold trade playing out? Let’s discuss in the comments!
absidheeqm94
Better wait to form a double bottom and enter in long🔥 Join the Journey!Follow me for more detailed trading strategies and real-time setups! I’ll keep you updated on this gold trade and others as they develop. Let’s make the most of these market opportunities together! 💪
absidheeqm94
A LONG VIEW ON GOLD , expecting a pull back 2015-2017 area, or might not will get that,expecting period 3 days , use STOPLOSS .hit stoploss
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