Gold Technical Analysis - 11 Sep. 2024:
Gold Poised for Bullish Move Amid CPI Expectations and Softer U.S. Dollar
Gold has reached the previously mentioned target of 2526, moving up from 2500. For today, market volatility is expected, but the outlook leans bullish if the CPI comes in at 2.5% or lower, which could drive the price higher toward 2543 and 2557. However, if the CPI is released at 2.8% or higher, it could trigger a bearish move, pushing gold back toward 2500 and potentially down to 2475.
Key Levels:
Pivot Point: 2516
Resistance Levels: 2526, 2543, 2557
Support Levels: 2500, 2484, 2475
Expected Trading Range: 2500 - 2557
Trend: Bullish as long as the price remains above 2516. A break above 2526 would confirm strong bullish momentum.
Previous idea:
Gold Poised for Bullish Move Amid CPI Expectations and Softer U.S. Dollar
Gold has reached the previously mentioned target of 2526, moving up from 2500. For today, market volatility is expected, but the outlook leans bullish if the CPI comes in at 2.5% or lower, which could drive the price higher toward 2543 and 2557. However, if the CPI is released at 2.8% or higher, it could trigger a bearish move, pushing gold back toward 2500 and potentially down to 2475.
Key Levels:
Pivot Point: 2516
Resistance Levels: 2526, 2543, 2557
Support Levels: 2500, 2484, 2475
Expected Trading Range: 2500 - 2557
Trend: Bullish as long as the price remains above 2516. A break above 2526 would confirm strong bullish momentum.
Previous idea:
Technical analyst focused on gold, indices, and forex.
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
More at: sroshmayi.com/
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
More at: sroshmayi.com/
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Technical analyst focused on gold, indices, and forex.
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
More at: sroshmayi.com/
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
More at: sroshmayi.com/
Penerbitan berkaitan
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.