This is the 15-minute chart of GOLD1!
Gold is moving in a well-defined parallel channel and currently respecting the LOP resistance zone at 109750–109850.
The channel’s lower boundary near 108650 may act as short-term support.
If Gold breaks down below this support, the projected downside target is near 107750.
In case of range-bound movement, the ideal sell zone remains at the LOP (109750–109850).
If this resistance level sustains, Gold may fall and test the lower targets.
Additionally, a Head & Shoulders pattern has formed within the channel, with its downside target aligning with the channel projection.
Thank you.
Gold is moving in a well-defined parallel channel and currently respecting the LOP resistance zone at 109750–109850.
The channel’s lower boundary near 108650 may act as short-term support.
If Gold breaks down below this support, the projected downside target is near 107750.
In case of range-bound movement, the ideal sell zone remains at the LOP (109750–109850).
If this resistance level sustains, Gold may fall and test the lower targets.
Additionally, a Head & Shoulders pattern has formed within the channel, with its downside target aligning with the channel projection.
Thank you.
@RahulSaraoge
Connect us at t.me/stridesadvisory
Connect us at t.me/stridesadvisory
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
@RahulSaraoge
Connect us at t.me/stridesadvisory
Connect us at t.me/stridesadvisory
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.