Gold Technical : Bearish Pressure with Potential Correction
Gold Technical Analysis
Bullish Correction:
The price is likely to attempt a move toward 2644 as part of a bullish correction.
Bearish Scenario:
After reaching 2644, or from the current station, the price is expected to drop again towards 2625 and 2612.
Stability below 2612, confirmed by a 4-hour candle close, could trigger further declines to 2606 and 2585.
General Trend:
The overall direction remains bearish, driven by heightened pressure from increasing inflation concerns in the USA.
For a bullish trend to emerge, the price needs to stabilize above 2644, confirmed by a 4-hour candle close, with potential upside targets at 2661.
Key Levels:
Pivot Point: 2634
Support Levels: 2625, 2612, 2585
Resistance Levels: 2644, 2661, 2673
Bullish Correction:
The price is likely to attempt a move toward 2644 as part of a bullish correction.
Bearish Scenario:
After reaching 2644, or from the current station, the price is expected to drop again towards 2625 and 2612.
Stability below 2612, confirmed by a 4-hour candle close, could trigger further declines to 2606 and 2585.
General Trend:
The overall direction remains bearish, driven by heightened pressure from increasing inflation concerns in the USA.
For a bullish trend to emerge, the price needs to stabilize above 2644, confirmed by a 4-hour candle close, with potential upside targets at 2661.
Key Levels:
Pivot Point: 2634
Support Levels: 2625, 2612, 2585
Resistance Levels: 2644, 2661, 2673
my free signals channel telegram
t.me/Srosh_signals
~6 analyses per day. With a clear entry point
more than 1000 pip per week —— Accuracy +88%
SM World and Economy News 24/7
Urgent News ⚡️:
t.me/SM_News_24h
t.me/Srosh_signals
~6 analyses per day. With a clear entry point
more than 1000 pip per week —— Accuracy +88%
SM World and Economy News 24/7
Urgent News ⚡️:
t.me/SM_News_24h
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.