KEY POINT - PROBABLE OPPORTUNITY ZONE IDENTIFIED - GC - WEEKLY
KEY POINT - PROBABLE OPPORTUNITY ZONE IDENTIFIED - GC - WEEKLY
From previous analysis which is still relevant, we are extending the analysis idea to this new configuration.
After having waiting so long for this point to be triggered, we have now the GC Gold Future price oscillating and playing around a potential highly probable critical price point.
We have what is seems to be a confirmation of a super strong resistance on top around the $2083 level.
The bleu line slope going up is the possible bottom at the moment.
Two zone have been identified as being possibly the waiting zone if price evolves above the potential critical price point and the other zone being a possible opportunity to enter long.
The idea of this analysis is marked as a long opportunity but you might see the price drop to enter the opportunity zone before rising again.
Stay aware of strong pullback down still potentially possible on the blue upward slope line. Meaning that opportunities to enter long will even be more probable from there.
From previous analysis which is still relevant, we are extending the analysis idea to this new configuration.
After having waiting so long for this point to be triggered, we have now the GC Gold Future price oscillating and playing around a potential highly probable critical price point.
We have what is seems to be a confirmation of a super strong resistance on top around the $2083 level.
The bleu line slope going up is the possible bottom at the moment.
Two zone have been identified as being possibly the waiting zone if price evolves above the potential critical price point and the other zone being a possible opportunity to enter long.
The idea of this analysis is marked as a long opportunity but you might see the price drop to enter the opportunity zone before rising again.
Stay aware of strong pullback down still potentially possible on the blue upward slope line. Meaning that opportunities to enter long will even be more probable from there.
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