Gold Analysis: Key Levels and Trends on the Year's Final Day
Gold Technical Analysis
The price continues to consolidate within the range of 2,620 and 2,604, awaiting a breakout.
A 1-hour or 4-hour candle closing below 2,604 would confirm a bearish trend, with potential targets at 2,585 and 2,558.
Conversely, if a 4-hour candle closes above 2,623, it would signal a bullish trend, paving the way for upward movement toward 2,636 and 2,653.
Key Levels:
Pivot Point: 2615
Resistance Levels: 2623, 2636, 2645
Support Levels: 2604, 2591, 2585
Trend Outlook:
Bearish below 2604
Bullish above 2623
previous idea:
The price continues to consolidate within the range of 2,620 and 2,604, awaiting a breakout.
A 1-hour or 4-hour candle closing below 2,604 would confirm a bearish trend, with potential targets at 2,585 and 2,558.
Conversely, if a 4-hour candle closes above 2,623, it would signal a bullish trend, paving the way for upward movement toward 2,636 and 2,653.
Key Levels:
Pivot Point: 2615
Resistance Levels: 2623, 2636, 2645
Support Levels: 2604, 2591, 2585
Trend Outlook:
Bearish below 2604
Bullish above 2623
previous idea:
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