Gold Breaks Resistance: Bullish Momentum or Reversal Ahead?
Gold Technical Analysis
- The price has recently broken above the resistance line at 2,677 and is attempting to stabilize above this level.
- If the price closes a 4-hour candle above 2,686, it could signal further bullish momentum, with potential targets at 2,698 and 2,723.
- However, if the price fails to maintain above 2,686, a pullback toward the support levels of around 2,661 and 2,624 may occur.
Direction:Bullish: A sustained close above 2,686 would support a continued upward movement towards higher resistance levels.
Bearish: If the price fails to hold above 2,686 and reverses, watch for a potential decline toward the support zones.
Key Levels:
Pivot Point: 2677
Resistance Levels: 2686, 2698, 2723
Support Levels: 2661, 2653, 2638
Trend:
Bearish below 2677
Bullish above 2677
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
Publikasi terkait
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.