Gold May Rise to 2675.00 - 2685.00 (READ DESCRIPTION)
Gold May Rise to 2675.00 - 2685.00
Pivot Point: 2643.00
The pivot at 2643.00 is a key support level. As long as the price stays above this level, the bullish trend is favored.
Primary Strategy (Our Preference):
Entry Point: Long positions as long as the price remains above 2643.00.
Target Levels:
2675.00: The first upside target, marking a continuation of the bullish trend.
2685.00: A higher target, representing an extended move higher.
Alternative Scenario:
If the price drops below 2643.00, look for a bearish turn.
Entry Point: Below 2643.00, initiate short positions.
Target Levels:
2636.00: The first downside target if the pivot is broken.
2628.00: The next support level, indicating further potential downside.
Technical Outlook:
RSI Indicator: The RSI is bullish, indicating strong upward momentum and supporting the continuation of the current trend.
MACD Indicator: Although not mentioned here, the bullish trend is reinforced by momentum indicators like the RSI.
Moving Averages: The price is expected to be above its key moving averages, signaling further upside potential.
Market Dynamics:
A sustained move above 2643.00 keeps the focus on the upside targets of 2675.00 and 2685.00.
A break below the pivot at 2643.00 would shift focus to the downside targets of 2636.00 and 2628.00.
Pivot Point: 2643.00
The pivot at 2643.00 is a key support level. As long as the price stays above this level, the bullish trend is favored.
Primary Strategy (Our Preference):
Entry Point: Long positions as long as the price remains above 2643.00.
Target Levels:
2675.00: The first upside target, marking a continuation of the bullish trend.
2685.00: A higher target, representing an extended move higher.
Alternative Scenario:
If the price drops below 2643.00, look for a bearish turn.
Entry Point: Below 2643.00, initiate short positions.
Target Levels:
2636.00: The first downside target if the pivot is broken.
2628.00: The next support level, indicating further potential downside.
Technical Outlook:
RSI Indicator: The RSI is bullish, indicating strong upward momentum and supporting the continuation of the current trend.
MACD Indicator: Although not mentioned here, the bullish trend is reinforced by momentum indicators like the RSI.
Moving Averages: The price is expected to be above its key moving averages, signaling further upside potential.
Market Dynamics:
A sustained move above 2643.00 keeps the focus on the upside targets of 2675.00 and 2685.00.
A break below the pivot at 2643.00 would shift focus to the downside targets of 2636.00 and 2628.00.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.