GOLD Zone at 2918 - 2925
Gold has reached a critical resistance zone between 2918 - 2925, following a strong upward move. This level is expected to hold the price and could lead to a potential reversal. However, for further downside confirmation, the price must break the trendline.
🔸 Invalidation: If the price breaks above the 2936 level, this could trigger more upside movement TO 2980.
Keeping a close watch on price action for confirmation!
The chart highlights support and resistance lines where the price is expected to move.
If the price successfully breaks a line and holds above or below it, it is likely to reach the next line.
▪️ Always ensure that the idea aligns with your analysis before executing.