Gold Price Forecast: Key Levels to Watch !!
Gold Price Analysis: 🔑 Key Zones and 📉 Potential Reversal at MA200
1️⃣ Resistance Zone 🟥:
The red-highlighted area marks a strong resistance zone. A breakout 🚀 above this level could lead to bullish momentum.
2️⃣ Liquidity Zones 💧:
The "In LQ" region shows where liquidity may be resting, suggesting possible retracements or reversals near this point.
3️⃣ 200 EMA Support 📊:
The MA200 (2,734.059) is a critical support level. A breakdown 🔻 here could send prices lower, testing further support levels.
📈 Potential Scenarios:
🔼 Bullish: Break above resistance 🟥 with higher highs.
🔽 Bearish: Rejection from resistance 🟥 leading to a drop toward the MA200 support 📉.
Watch these levels closely! 🔎
1️⃣ Resistance Zone 🟥:
The red-highlighted area marks a strong resistance zone. A breakout 🚀 above this level could lead to bullish momentum.
2️⃣ Liquidity Zones 💧:
The "In LQ" region shows where liquidity may be resting, suggesting possible retracements or reversals near this point.
3️⃣ 200 EMA Support 📊:
The MA200 (2,734.059) is a critical support level. A breakdown 🔻 here could send prices lower, testing further support levels.
📈 Potential Scenarios:
🔼 Bullish: Break above resistance 🟥 with higher highs.
🔽 Bearish: Rejection from resistance 🟥 leading to a drop toward the MA200 support 📉.
Watch these levels closely! 🔎
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