GOLD New Outlook (still bearish or reversed!)
Technical Analysis of Gold:
The price reached our previous target of 2327 and then reversed.
Closing a 4-hour candle above 2344 suggests it will likely reach 2354, with the potential to touch 2369 as well. However, if the price remains below 2344, it indicates a drop back to 2327 as the first target.
Pivot Price: 2344
Resistance Levels: 2354, 2369, 2388
Support Levels: 2327, 2318, 2302
Today's anticipated trading range is between the support level at 2305 and the resistance level at 2369.
previous idea:
The price reached our previous target of 2327 and then reversed.
Closing a 4-hour candle above 2344 suggests it will likely reach 2354, with the potential to touch 2369 as well. However, if the price remains below 2344, it indicates a drop back to 2327 as the first target.
Pivot Price: 2344
Resistance Levels: 2354, 2369, 2388
Support Levels: 2327, 2318, 2302
Today's anticipated trading range is between the support level at 2305 and the resistance level at 2369.
previous idea:
Komen:
The price reached our price we mentioned was above 2365 and then dropped
so now should stable under 2354 to continue dropping to get 2344 and under it will drop more 2316 and 2305
so now should stable under 2354 to continue dropping to get 2344 and under it will drop more 2316 and 2305
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so now stability above 2354 means will try to touch 2369