Gold rebounds
Gold prices have recently experienced a downward trend, currently testing the critical support level of $2550. Based on technical analysis, there is a strong possibility of a bullish reversal from this level.
Key Technical Indicators:
Fibonacci Retracement: A 50% Fibonacci retracement from the recent high to the low suggests a potential resistance level around $2675.
Support Level: The $2550 level is a crucial support zone. A break below this level could trigger further downside, potentially towards the $2400 level.
Potential Scenario:
If gold successfully bounces off the $2550 support, it may attempt to rally towards the 50% Fibonacci retracement level. However, a failure to hold above $2550 could lead to a deeper correction towards the $2400 level.
Disclaimer: This is not financial advice. Please consult with a financial advisor before making any investment decisions.
Key Technical Indicators:
Fibonacci Retracement: A 50% Fibonacci retracement from the recent high to the low suggests a potential resistance level around $2675.
Support Level: The $2550 level is a crucial support zone. A break below this level could trigger further downside, potentially towards the $2400 level.
Potential Scenario:
If gold successfully bounces off the $2550 support, it may attempt to rally towards the 50% Fibonacci retracement level. However, a failure to hold above $2550 could lead to a deeper correction towards the $2400 level.
Disclaimer: This is not financial advice. Please consult with a financial advisor before making any investment decisions.
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.