GOLD - BULLISH VOLUME

13 thg 8

Generally, the direction is a downtrend

Uptrend Side: The price has reached our target of 2453 and subsequently crossed our downtrend level at 2468. However, it failed to maintain above 2468, stabilizing instead below 2468 while remaining above the downtrend, as indicated by the close of the 4-hour candle. Currently, the price is expected to attempt a rise and break through the resistance at 2468. If it manages to close a 1-hour candle above this level, it is likely to reach the next resistance at 2457. Furthermore, should the price stabilize above this level by closing a 4-hour candle, it may ascend to new highs, potentially reaching levels like 2483 and 2495.

Downtrend Side: The price needs to move below both the downtrend line and the 2453 level, confirmed by a 4-hour candle close, to establish a bearish trend, which could extend down to 2431.

Tendency Keys: 2363