GOLD 4H / Bearish correction outlook before FED Rate
Gold Technical Analysis - 16 Sep. 2024
Gold Rises on Softer U.S. Dollar, U.S. Rate-Cut Expectations
GOLD recorded a new peak at 2589 and stabilized at a new bullish zone while above 2527 for the long term.
Now the price should break 2578 to be a downtrend toward 2570 and 2553, but stabilizing above 2580 it will be sensitive to touch 2599 before dropping, we expect a bearish trend till the Fed rate Day,
Key Levels:
- Pivot Point: 2580
- Resistance: 2590, 2600, 2625
- Support: 2570, 2554, 2543
Trend:
- Consolidation: 2570 - 2600
- Bullish: Above 2580
- Bearish: Below 2578
Gold Rises on Softer U.S. Dollar, U.S. Rate-Cut Expectations
GOLD recorded a new peak at 2589 and stabilized at a new bullish zone while above 2527 for the long term.
Now the price should break 2578 to be a downtrend toward 2570 and 2553, but stabilizing above 2580 it will be sensitive to touch 2599 before dropping, we expect a bearish trend till the Fed rate Day,
Key Levels:
- Pivot Point: 2580
- Resistance: 2590, 2600, 2625
- Support: 2570, 2554, 2543
Trend:
- Consolidation: 2570 - 2600
- Bullish: Above 2580
- Bearish: Below 2578
Dagangan ditutup: sasaran tercapai
GOLDUpdate
Hit Target +180 pip✅
and still running to get the second target which is 2560 and 2553
movement range will be between 2570 and 2553 till breaking
timeframe 4h, 1h, 15min
current price 2562
Dagangan ditutup: sasaran tercapai
GOLD UPDATE
The price reached the ATH 2599 and then dropped perfectly, as we mentioned stability under 2570 will be bearish toward 2553 and 2543
so now toward 2543 and under it by closing 4h candle below it will touch 2528 as well
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.