Yesterday i posted about this setup on GOLD..those who believe in me took the trades and made profits,nothing feels good like contributing and help the community grow.. we also a telegram channel for In depth analysisā¦.#GOLD_UPDATE #GoldPriceRecordHigh
š Gold vs USD: Distribution Phase with Bullish Potential
Gold ($XAUUSD) is currently navigating through a distribution phase, consolidating within a defined range after its strong run earlier this year. This sideways action typically signals indecision in the marketābut itās also where smart money accumulates before the next big move.
š” Key Observations: ⢠Price is holding above key support zones, indicating buyers are still active. ⢠Volume is tapering off during pullbacks, suggesting weak selling pressure. ⢠Macro factors like ongoing USD softness, inflation uncertainty, and central bank demand continue to provide a supportive backdrop.
š® What to Watch: If we see a strong breakout above the current resistance zoneāespecially with volume confirmationāit could validate the start of a bullish continuation. Targets could extend toward previous highs or even new records if momentum aligns.
ā ļø As always, keep an eye on dollar strength and yieldsāany sharp shift could influence goldās path.
š In Summary: Gold remains in distribution, but the structure favors a bullish breakout. Patience is key-confirmation will be everything. Share your thoughts alsoā¦make sure to join our telegram for in depth analysis
Welcome! Hereās what Iāll be sharing (and why it matters)ā
Hey everyone! Iām LX2, and today Iām launching my daily crypto tips and market analysis series.
What to Expect go forward ⢠Daily technical setups with chart breakdowns (think support/resistance, RSI, MACD) ⢠Market pulse updates using on-chain data like whale movements and exchange flows  ⢠Analysis blending both technical and fundamental insights for balanced perspective 
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Disclaimer : This is not financial advice. Crypto is volatileāplease do your own research and manage risks accordingly ļæ¼.
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