GOLD / Consolidating Between 2653 and 2637 !
Gold Technical Analysis
The price is consolidating between 2637 and 2653, with stability above 2653 which is bullish toward 2661 and 2678,
Otherwise, as long as trades below 2653 will trade at the bearish area, closing 1h or 4h candle below 2637 will support bearish toward 2624
Key Levels:
Pivot Point: 2653
Resistance Levels: 2661, 2678, 2706
Support Levels: 2637, 2625, 2612, 2585
Trend Outlook
Uptrend: Bullish momentum is expected if the price holds above 2653.
Bearish Momentum: Dominant as long as the price remains below 2649, especially below 2638.
The price is consolidating between 2637 and 2653, with stability above 2653 which is bullish toward 2661 and 2678,
Otherwise, as long as trades below 2653 will trade at the bearish area, closing 1h or 4h candle below 2637 will support bearish toward 2624
Key Levels:
Pivot Point: 2653
Resistance Levels: 2661, 2678, 2706
Support Levels: 2637, 2625, 2612, 2585
Trend Outlook
Uptrend: Bullish momentum is expected if the price holds above 2653.
Bearish Momentum: Dominant as long as the price remains below 2649, especially below 2638.
Trade active
GOLD
LIVE UPDATE
GOLD
Update
The price dropped about +470 pip ✅after stabilized below 2623,
So now AGAIN Still Bearish as long as trades below 2623 - 2625 zone it means will drop to get 2612 and 2595, 🔽
But reversing and closing 4h candle above 2623 again will be risky to trade with bullish trend
Timeframe 4h, 1h, 15min
Current price 2620
Direction is bearish trend
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Disclaimer
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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.