GOLD/ BEARISH SCENARIO
Gold prices jumped more than 1% on Thursday on short-covering after dipping to the lowest in a month earlier in the session, while the market awaited key U.S. data for further cues on the Federal Reserve’s policy trajectory.
Generally, the direction is a downtrend
Uptrend Side: to be a bullish trend, a break above the zone of 2640–2664, confirmed by a daily candle closing above this level, is required.
Downtrend Side: as long as the price trades below the zone of 2640–2664, the bearish trend will remain active toward 2606, which is the source of the bearish trend.
Tendency Keys: 2606
Generally, the direction is a downtrend
Uptrend Side: to be a bullish trend, a break above the zone of 2640–2664, confirmed by a daily candle closing above this level, is required.
Downtrend Side: as long as the price trades below the zone of 2640–2664, the bearish trend will remain active toward 2606, which is the source of the bearish trend.
Tendency Keys: 2606
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With Clear entry point and target line with stopout zone
~900 pips per week —— Accuracy more than 88%
with best learning
Be Stronger With us
THANKS for your support
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