November marked the largest monthly candle on gold since September 2023, signaling a potential shift in momentum. If December closes with another bearish candle, bullish buyers may start to reconsider their positions, as a deeper correction in the bullish trend is becoming evident.
On the 4-hour timeframe, we can see a significant liquidity sweep followed by a sharp push downward. Currently, price action is consolidating within a rising wedge, a pattern often associated with a potential reversal. A further decline is anticipated toward the 2639–2637 level, where a key support zone aligns with a 4-hour and 1-hour engulfing candle.
From this support, a temporary rise is expected toward 2677, meeting both a 4-hour engulfing candle and the upper boundary of the rising wedge. This level presents a strategic area to consider short positions, targeting the next demand zone and support level around 2530.
On the 4-hour timeframe, we can see a significant liquidity sweep followed by a sharp push downward. Currently, price action is consolidating within a rising wedge, a pattern often associated with a potential reversal. A further decline is anticipated toward the 2639–2637 level, where a key support zone aligns with a 4-hour and 1-hour engulfing candle.
From this support, a temporary rise is expected toward 2677, meeting both a 4-hour engulfing candle and the upper boundary of the rising wedge. This level presents a strategic area to consider short positions, targeting the next demand zone and support level around 2530.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.