GOLD / Testing Resistance and Stabilizing in Bearish Trend
Gold Technical Analysis
The price has dropped from its resistance level at $2,665 and is now attempting to stabilize within a bearish trend, potentially targeting $2,636. A move below $2,636 would likely extend the decline toward $2,623.
Conversely, a break above $2,665 would signal a shift to a bullish trend, with potential targets at $2,678 and higher.
Key Levels
Pivot Point: 2653
Resistance Levels: 2665, 2678, 2690
Support Levels: 2636, 2623, 2603
Trend Outlook
Bullish Trend: Above $2,665
Bearish Trend: While Below $2,653
The price has dropped from its resistance level at $2,665 and is now attempting to stabilize within a bearish trend, potentially targeting $2,636. A move below $2,636 would likely extend the decline toward $2,623.
Conversely, a break above $2,665 would signal a shift to a bullish trend, with potential targets at $2,678 and higher.
Key Levels
Pivot Point: 2653
Resistance Levels: 2665, 2678, 2690
Support Levels: 2636, 2623, 2603
Trend Outlook
Bullish Trend: Above $2,665
Bearish Trend: While Below $2,653
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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
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.