GOLD Update: Consolidation Zone with Bearish Breakout Risks
Technical Analysis
The price dropped from 2677 to 2606, approximately $70, as mentioned yesterday.
Today, the price is expected to consolidate between 2587 and 2606 until a breakout occurs.
A bearish trend will be activated if a 4H candle closes below 2587, targeting 2553. Conversely, a 4H candle close above 2606 would indicate a bullish trend, with potential targets at 2629 and 2644.
Key Levels:
Pivot Point: 2587
Resistance Levels: 2606, 2616, 2629
Support Levels: 2574, 2553, 2526
Trend Outlook:
Consolidation between 2587 and 2606
Bearish trend below 2587
previous idea:
The price dropped from 2677 to 2606, approximately $70, as mentioned yesterday.
Today, the price is expected to consolidate between 2587 and 2606 until a breakout occurs.
A bearish trend will be activated if a 4H candle closes below 2587, targeting 2553. Conversely, a 4H candle close above 2606 would indicate a bullish trend, with potential targets at 2629 and 2644.
Key Levels:
Pivot Point: 2587
Resistance Levels: 2606, 2616, 2629
Support Levels: 2574, 2553, 2526
Trend Outlook:
Consolidation between 2587 and 2606
Bearish trend below 2587
previous idea:
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my free signals channel telegram
t.me/Srosh_signals
~6 analyses per day. With a clear entry point
more than 1000 pip per week —— Accuracy +88%
SM World and Economy News 24/7
Urgent News ⚡️:
t.me/SM_News_24h
t.me/Srosh_signals
~6 analyses per day. With a clear entry point
more than 1000 pip per week —— Accuracy +88%
SM World and Economy News 24/7
Urgent News ⚡️:
t.me/SM_News_24h
منشورات ذات صلة
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.