GOLD (Reached our target and still...) 2302 Key level
Technical Analysis: Gold
The price dropped and broke the 2320 then continued the bearish trend and is still running to get the last price we mentioned for today which is 2302
The price dropped and broke the 2320 then continued the bearish trend and is still running to get the last price we mentioned for today which is 2302
- Current Outlook:
The price is expected to consolidate between 2320 and 2302 until a breakout occurs. The initial movement is anticipated to target the 2302. - Bullish Scenario:
To initiate an uptrend, the price must be stable above 2320, potentially moving towards 2320. Stability above 2320 would also support a bullish push, with the price fluctuating between 2337 and 2342.
*Bearish Scenario:
The current downtrend from 2310 and 2312 is expected to target 2302. A 4-hour or 1-hour candle closing below 2302 would confirm a bearish trend, with the price anticipated to trade in the bearish zone between 2302 and 2292. and under that means will touch 2275
*Key Levels:
- Pivot Line: 2311
- Resistance Levels: 2320, 2337, 2342
- Support Levels: 2292, 2273, 2262
*Today's Expected Range:
The price is anticipated to move between the support at 2273 and the resistance at 2320.
previous idea:
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~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
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