Gold Price Holds Above Key Resistance, Eyes on Higher Levels

16 Okt

Gold Technical Analysis

The price broke the resistance line which is 2677.
So it tries to touch 2685 and 2698 as long as it trades above 2677.
Otherwise, it should close at least 1h candle under 2677 to be downward till 2661


Key Levels:
Pivot Point: 2677
Resistance Levels: 2685, 2698, 2723
Support Levels: 2661, 2653, 2638

Trend:
Bearish below 2677
Bullish above 2677

previous idea:

16 Okt

Dagangan aktif

Gold
Update

The price reached our Target we mentioned 2685 and reversed stabilized below 2677, so that means will drop to touch 2661

However, movement range will be between 2677 and 2661 till breaking

Bullish scenario will be activated by breaking 2685 with closing 4h candle above it.

18 Okt

Dagangan ditutup: sasaran tercapai

Gold
Live update

The price pushed up perfectly as we mentioned by closing 4h candle above 2677 and 2685
Already broke our first target which is 2698. Now it running to get the second target which is 2723
There is a retest possibility to 2698 and then to 2723