Technical Analysis
The price has successfully reached an all-time high (ATH) and achieved the bullish target of 44,625 with precision.
A potential bearish retracement may occur, targeting 44,400 or 44,280. A confirmed break below 44,270, validated by a 4-hour candle close, would signal the start of a bearish trend, with further downside targets at 43,900.
Alternatively, sustained stability above 44,630, confirmed by a 1-hour candle close, would indicate a bullish continuation, with the next target set at 44,980.
Key Levels:
Pivot Point: 44625
Resistance Levels: 44800, 44980, 45200
Support Levels: 44400, 44270, 43900
The price has successfully reached an all-time high (ATH) and achieved the bullish target of 44,625 with precision.
A potential bearish retracement may occur, targeting 44,400 or 44,280. A confirmed break below 44,270, validated by a 4-hour candle close, would signal the start of a bearish trend, with further downside targets at 43,900.
Alternatively, sustained stability above 44,630, confirmed by a 1-hour candle close, would indicate a bullish continuation, with the next target set at 44,980.
Key Levels:
Pivot Point: 44625
Resistance Levels: 44800, 44980, 45200
Support Levels: 44400, 44270, 43900
Trade active
Technical Analysis UpdateThe price stabilized above the pivot line and has reached our bullish target of 44,800. It is still progressing towards 44,990 and 45,200.
➡️Bullish Scenario:
As long as the price trades above 44,625 and 44,800, the next targets are 44,990 and 45,200.
➡️Bearish Scenario:
To turn bearish, the price must break below 44,625 with a 1-hour candle close.
Key Levels:
Pivot Point: 44800
Resistance Levels: 44980, 45200
Support Levels: 44625, 44400, 44270
Technical analyst focused on gold, indices, and forex.
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
More at: sroshmayi.com/
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
More at: sroshmayi.com/
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Technical analyst focused on gold, indices, and forex.
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
More at: sroshmayi.com/
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
More at: sroshmayi.com/
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.