Current Analysis Summary:
Bullish Outlook: The chart suggests a bullish trend after price moves above a marked support area.
Price Scenarios:
Red arrow: Pullback to support.
Blue arrow: Bounce back upward.
Yellow arrow: Continuation of the bullish trend.
---
Disruption of the Analysis:
1. False Breakout Risk:
The move above the support zone might be a false breakout. Volume does not appear significantly increased during the breakout, which is typically needed to confirm real breakout momentum.
2. Volume Confirmation Lacking:
Although some volume is present, the breakout does not show a clear volume spike to validate strong buying interest, which challenges the bullish bias.
3. Resistance Overhead Ignored:
No mention of overhead resistance. The price may face selling pressure near 1.35000, a likely psychological and technical resistance area.
4. Over-reliance on Simple Support Zone:
The support zone is too narrowly defined. If the price dips below it slightly, it could still be a healthy retest, not a reversal, which the red arrow path implies prematurely.
Bullish Outlook: The chart suggests a bullish trend after price moves above a marked support area.
Price Scenarios:
Red arrow: Pullback to support.
Blue arrow: Bounce back upward.
Yellow arrow: Continuation of the bullish trend.
---
Disruption of the Analysis:
1. False Breakout Risk:
The move above the support zone might be a false breakout. Volume does not appear significantly increased during the breakout, which is typically needed to confirm real breakout momentum.
2. Volume Confirmation Lacking:
Although some volume is present, the breakout does not show a clear volume spike to validate strong buying interest, which challenges the bullish bias.
3. Resistance Overhead Ignored:
No mention of overhead resistance. The price may face selling pressure near 1.35000, a likely psychological and technical resistance area.
4. Over-reliance on Simple Support Zone:
The support zone is too narrowly defined. If the price dips below it slightly, it could still be a healthy retest, not a reversal, which the red arrow path implies prematurely.
t.me/gold_free_signals1
𝙁𝙤𝙧𝙚𝙭 𝙩𝙧𝙖𝙙𝙞𝙣𝙜 𝙚𝙭𝙥𝙚𝙧𝙞𝙚𝙣𝙘𝙚 𝙩𝙚𝙖𝙢 ☺️ 𝙢𝙖𝙣𝙖𝙜𝙚 𝙮𝙤𝙪𝙧 𝙖𝙘𝙘𝙤𝙪𝙣𝙩 𝙢𝙖𝙠𝙞𝙣𝙜 𝙢𝙤𝙣𝙚𝙮 🤑💰
t.me/gold_free_signals1
𝙁𝙤𝙧𝙚𝙭 𝙩𝙧𝙖𝙙𝙞𝙣𝙜 𝙚𝙭𝙥𝙚𝙧𝙞𝙚𝙣𝙘𝙚 𝙩𝙚𝙖𝙢 ☺️ 𝙢𝙖𝙣𝙖𝙜𝙚 𝙮𝙤𝙪𝙧 𝙖𝙘𝙘𝙤𝙪𝙣𝙩 𝙢𝙖𝙠𝙞𝙣𝙜 𝙢𝙤𝙣𝙚𝙮 🤑💰
t.me/gold_free_signals1
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
t.me/gold_free_signals1
𝙁𝙤𝙧𝙚𝙭 𝙩𝙧𝙖𝙙𝙞𝙣𝙜 𝙚𝙭𝙥𝙚𝙧𝙞𝙚𝙣𝙘𝙚 𝙩𝙚𝙖𝙢 ☺️ 𝙢𝙖𝙣𝙖𝙜𝙚 𝙮𝙤𝙪𝙧 𝙖𝙘𝙘𝙤𝙪𝙣𝙩 𝙢𝙖𝙠𝙞𝙣𝙜 𝙢𝙤𝙣𝙚𝙮 🤑💰
t.me/gold_free_signals1
𝙁𝙤𝙧𝙚𝙭 𝙩𝙧𝙖𝙙𝙞𝙣𝙜 𝙚𝙭𝙥𝙚𝙧𝙞𝙚𝙣𝙘𝙚 𝙩𝙚𝙖𝙢 ☺️ 𝙢𝙖𝙣𝙖𝙜𝙚 𝙮𝙤𝙪𝙧 𝙖𝙘𝙘𝙤𝙪𝙣𝙩 𝙢𝙖𝙠𝙞𝙣𝙜 𝙢𝙤𝙣𝙚𝙮 🤑💰
t.me/gold_free_signals1
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.