Title: Gold Futures ( GC1! ), H4 Potential for Bearish Continuation
Type: Bearish Continuation
Resistance: 1881.6
Pivot: 1863.5
Support: 1820.1
Preferred Case: Looking at the H4 chart, my overall bias for GC1! is bearish due to the current price crossing below the Ichimoku cloud , indicating a bearish market. Expecting price to possibly drop from the pivot at 1863.5 which is the overlap resistance towards the support at 1820.1, where the overlap support is.
Alternative scenario: Price may head back up towards the resistance at 1881.6, which is the overlap resistance and minor high.
Fundamentals: There are no major news.
Type: Bearish Continuation
Resistance: 1881.6
Pivot: 1863.5
Support: 1820.1
Preferred Case: Looking at the H4 chart, my overall bias for GC1! is bearish due to the current price crossing below the Ichimoku cloud , indicating a bearish market. Expecting price to possibly drop from the pivot at 1863.5 which is the overlap resistance towards the support at 1820.1, where the overlap support is.
Alternative scenario: Price may head back up towards the resistance at 1881.6, which is the overlap resistance and minor high.
Fundamentals: There are no major news.
This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.