Gold Price Analysis: Key Levels and Potential Movements
Gold Technical Analysis
The price has approached a key resistance level of around 26,412 before retreating. A further decline is anticipated, potentially reaching 26,212. If a 4-hour or 1-hour candle closes below this level, the price may continue to drop, targeting 25,888.
Conversely, if the price reverses and stabilizes above 26,444, it would signal a bullish trend, with potential upside movement toward 26,777.
Key Levels:
Pivot Point: 2625
Support Levels: 2612, 2588, 2558
Resistance Levels: 2644, 2660, 2677
Trend Outlook:
- Bearish by stability below 2625 and 2612
- Bullish above 2644
The price has approached a key resistance level of around 26,412 before retreating. A further decline is anticipated, potentially reaching 26,212. If a 4-hour or 1-hour candle closes below this level, the price may continue to drop, targeting 25,888.
Conversely, if the price reverses and stabilizes above 26,444, it would signal a bullish trend, with potential upside movement toward 26,777.
Key Levels:
Pivot Point: 2625
Support Levels: 2612, 2588, 2558
Resistance Levels: 2644, 2660, 2677
Trend Outlook:
- Bearish by stability below 2625 and 2612
- Bullish above 2644
Note
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The price has approached a key resistance level of around 26,12 before retreating. A further decline is anticipated, potentially reaching 26,12. If a 4-hour or 1-hour candle closes below this level, the price may continue to drop, targeting 25,88.
Conversely, if the price reverses and stabilizes above 26,44, it would signal a bullish trend, with potential upside movement toward 26,77.
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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
Related publications
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.