GOLD (Bullish continuation above Pivot Line)
Updated
Technical Analysis: Gold
The price pushed up and reached our target we mentioned which is 2387, and then dropped.
Current Outlook:
The trend should stabilize above 2358 to be a bullish trend toward 2365, but stabilized under 2356.6 means will touch 2342
Bullish Scenario:
As long as the price trades above 2356, it is likely to maintain a bullish trend towards 2364. A break above 2378 could extend the bullish trend to 2392.
Bearish Scenario:
A 4-hour or 1-hour candle closing below 2356 would indicate a downtrend, with the price expected to trade in the bearish zone between 2343 and 2337
Key Levels:
- Pivot Line: 2358
- Resistance Levels: 2365, 2378, 2397
- Support Levels: 2342, 2320, 2311
Today's Expected Range:
The price is anticipated to move between the support at 2342 and the resistance at 2379, with a bullish tendency.
previous idea:
The price pushed up and reached our target we mentioned which is 2387, and then dropped.
Current Outlook:
The trend should stabilize above 2358 to be a bullish trend toward 2365, but stabilized under 2356.6 means will touch 2342
Bullish Scenario:
As long as the price trades above 2356, it is likely to maintain a bullish trend towards 2364. A break above 2378 could extend the bullish trend to 2392.
Bearish Scenario:
A 4-hour or 1-hour candle closing below 2356 would indicate a downtrend, with the price expected to trade in the bearish zone between 2343 and 2337
Key Levels:
- Pivot Line: 2358
- Resistance Levels: 2365, 2378, 2397
- Support Levels: 2342, 2320, 2311
Today's Expected Range:
The price is anticipated to move between the support at 2342 and the resistance at 2379, with a bullish tendency.
previous idea:
Note
The price reached our target we mentioned whic is 2365, and still running at the bullish trend toward the next target we mentioned above
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~6 analyses per day. With a clear entry point
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