Type : Bearish Momentum
Resistance : 62760
Pivot: 62027
Support : 61455
Preferred Case: On the H4, price is moving below the ichimoku cloud and breaking out from the ascending channel which supports bearish bias that price will rise to and drop from our pivot at 62027 in line with the 50% fibonacci retracement and pullback resistance to the support at 61455 in line with the swing low support.
Alternative scenario: Alternatively, price may break through pivot to the resistance level at 62760 in line with the 78.6% fibonacci projection.
Fundamentals: Due to increasing inflation rates in the US,UK and other developed economies, we have a bullish view on the precious metal.
Resistance : 62760
Pivot: 62027
Support : 61455
Preferred Case: On the H4, price is moving below the ichimoku cloud and breaking out from the ascending channel which supports bearish bias that price will rise to and drop from our pivot at 62027 in line with the 50% fibonacci retracement and pullback resistance to the support at 61455 in line with the swing low support.
Alternative scenario: Alternatively, price may break through pivot to the resistance level at 62760 in line with the 78.6% fibonacci projection.
Fundamentals: Due to increasing inflation rates in the US,UK and other developed economies, we have a bullish view on the precious metal.
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.