GOLD ALERT WITH MR.KING
GOLD ALERT WITH MR.KING
Gold OANDA:XAUUSD
MrkingReal
Hey everyone this is MR.KING
Market Overview:
Current Range: 2446 - 2440
Observation: Price action is tight within this range, indicating possible indecision or consolidation. This could set the stage for a significant move either up or down.
Bearish Forecast:
Scenario: If XAUUSD breaks below 2440, it may signal a bearish trend.
Target: 2419. This level could be key support, and if breached, it might suggest further declines. Watch for increased selling pressure or confirmation from other technical indicators.
Bullish Forecast:
Scenario: A break above 2446 could indicate bullish momentum.
Target: 2480. This level represents a significant resistance point. A sustained move above this could suggest a strong uptrend, making it a potential target for bullish trades.
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