GOLD: Maybe the Resistance Here?

XAUUSD Gold Traders

Hello everyone! Today i want to share some macro analysis with you!

1.

$Gold - main 2412(GCmain)$ found a solid barrier at the resistance line of the major bullish channel but failed to break through it, thus indicating a negative trade and suggesting that an intraday bearish correction will be realised in the upcoming trades as gold trades below the support line of the minor bullish channel appearing on the charts en route to achieving the negative target, which is firstly a break below 2,635.06 in order to confirm that the opening of the 2604 Road.

Therefore, with support from the completion of the double top pattern, we expect negative trading today, which has additional negative targets in the short term, noting that a break above $2,675.25 would stop the negative scenario and lead price back to the main bullish track.

Expect today's trading range to be between $2620support and $2660 resistance.

Trend forecast: Bearish, trade with sell orders!

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https://x.com/TradersXauusd/status/1843174070025850952

Monetary policy, various types of price indices... Here is everything about the macro economy!

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Today i want to share some macro analysis with you!</p><p></p><p>1.</p><p> <a data-mention-id=\"GCmain\" class=\"teditor-mention\" data-mention-name=\"Gold - main 2412\" href=\"https://ttm.financial/FUT/GCmain\">$Gold - main 2412(GCmain)$</a> found a solid barrier at the resistance line of the major bullish channel but failed to break through it, thus indicating a negative trade and suggesting that an intraday bearish correction will be realised in the upcoming trades as gold trades below the support line of the minor bullish channel appearing on the charts en route to achieving the negative target, which is firstly a break below 2,635.06 in order to confirm that the opening of the 2604 Road.</p><p>Therefore, with support from the completion of the double top pattern, we expect negative trading today, which has additional negative targets in the short term, noting that a break above $2,675.25 would stop the negative scenario and lead price back to the main bullish track.</p><p>Expect today's trading range to be between $2620support and $2660 resistance.</p><p>Trend forecast: Bearish, trade with sell orders! </p><p></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/e90f49a0ad31f547395cb86464a67ffe\" tg-width=\"896\" tg-height=\"467\"></p><p></p><p><em>Follow me to learn more about analysis!!</em></p><p>https://x.com/TradersXauusd/status/1843174070025850952</p></body></html>","htmlText":"<html><head></head><body><p>Hello everyone! Today i want to share some macro analysis with you!</p><p></p><p>1.</p><p> <a data-mention-id=\"GCmain\" class=\"teditor-mention\" data-mention-name=\"Gold - main 2412\" href=\"https://ttm.financial/FUT/GCmain\">$Gold - main 2412(GCmain)$</a> found a solid barrier at the resistance line of the major bullish channel but failed to break through it, thus indicating a negative trade and suggesting that an intraday bearish correction will be realised in the upcoming trades as gold trades below the support line of the minor bullish channel appearing on the charts en route to achieving the negative target, which is firstly a break below 2,635.06 in order to confirm that the opening of the 2604 Road.</p><p>Therefore, with support from the completion of the double top pattern, we expect negative trading today, which has additional negative targets in the short term, noting that a break above $2,675.25 would stop the negative scenario and lead price back to the main bullish track.</p><p>Expect today's trading range to be between $2620support and $2660 resistance.</p><p>Trend forecast: Bearish, trade with sell orders! </p><p></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/e90f49a0ad31f547395cb86464a67ffe\" tg-width=\"896\" tg-height=\"467\"></p><p></p><p><em>Follow me to learn more about analysis!!</em></p><p>https://x.com/TradersXauusd/status/1843174070025850952</p></body></html>","text":"Hello everyone! Today i want to share some macro analysis with you! 1. $Gold - main 2412(GCmain)$ found a solid barrier at the resistance line of the major bullish channel but failed to break through it, thus indicating a negative trade and suggesting that an intraday bearish correction will be realised in the upcoming trades as gold trades below the support line of the minor bullish channel appearing on the charts en route to achieving the negative target, which is firstly a break below 2,635.06 in order to confirm that the opening of the 2604 Road. Therefore, with support from the completion of the double top pattern, we expect negative trading today, which has additional negative targets in the short term, noting that a break above $2,675.25 would stop the negative scenario and lead price back to the main bullish track. Expect today's trading range to be between $2620support and $2660 resistance. Trend forecast: Bearish, trade with sell orders! 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