💰 Gold: holds or not? That’s the point
When the price of gold breaks through an important level, it does not always mean that the movement will continue. The main thing is to see if the level holds up after the piet.
🔹 If the price is fixed above the resistance (or below the support when falling), it means that the movement is strong, the trend may continue.
🔹 If the price quickly came back - the breakdown is weak, it can be false, and the market will turn around.
👀 What to watch:
• Did the price stay above the level? So, the movement holds the force.
• Is there a volume and activity on the fixation? Great, the trend is confirmed.
• Did the level pass the test and the price bounced off it? Another plus in favor of the movement.
💡 Bottom line: not everything that breaks through the level really works. See if the market holds its position - and you will catch the real momentum.
