chart (Gold M30):
Price is reacting from a descending trendline and also rejecting near resistance. The arrow my marked suggests a short move toward the rising support.
Bearish scenario (more likely from this setup):
Entry zone: around 4635–4650 (rejection area)
Target 1: 4600
Target 2: 4570
Target 3 (strong support): 4555–4545
That 4555–4560 zone matches my drawn support + previous structure → good main target.
Price is reacting from a descending trendline and also rejecting near resistance. The arrow my marked suggests a short move toward the rising support.
Bearish scenario (more likely from this setup):
Entry zone: around 4635–4650 (rejection area)
Target 1: 4600
Target 2: 4570
Target 3 (strong support): 4555–4545
That 4555–4560 zone matches my drawn support + previous structure → good main target.
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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.
Related publications
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.