GOLD (It looks bearish trend) while under 2321

17 Jun

Technical Analysis: Gold

The price will consolidated between the 2321 and 2302 zones.

• Current Outlook:
  The trend appears bearish for today, as the price has stabilized below 2321. As long as it remains under 2321, it is expected to touch 2302, and under it will get 2292
  
  
• Bullish Scenario:
  For a bullish trend to be activated, the price must break through the resistance zone between 2321 and 2327, targeting 2337 and 2357.
  
  
• Bearish Scenario:
  As long as the price trades below 2321, it is likely to drop to 2302. A 4-hour candle close below 2292 would suggest a further downtrend towards 2260.
  
  
• Key Levels:- Pivot Line: 2321
  - Resistance Levels: 2337, 2357, 2369
  - Support Levels: 2302, 2292, 2260
• Today's Expected Range:
  The price is anticipated to move between the support at 2278 and the resistance at 2328.
  
  In summary, maintaining a position below 2321 supports a bearish outlook, targeting lower support levels. Conversely, breaking above the resistance zone could shift the trend to bullish, aiming for higher targets.

17 Jun

Trade aktif

18 Jun

Catatan

gold