GOLD /Bearish Momentum Strengthens
Technical Analysis
The price has declined and stabilized within a bearish zone after breaking a strong support level at 2,758.
Today, it's possible to see a retest around 2749, followed by a potential bearish trend toward 2712.
Bearish Scenario: The price appears set to retest 2749 before resuming a bearish trend toward 2721 and 2,712.
Bullish Scenario: Alternatively, a 4-hour candle close above 2,758 would signal a potential bullish move, with targets at 2,775 and 2,788.
Key Levels:
Pivot Point: 2745
Resistance Levels: 2758, 2764, 2775
Support Levels: 2731, 2712, 2695
Trend Outlook:
Above 2758: Uptrend
Under 2758: Downtrend
previous idea:
The price has declined and stabilized within a bearish zone after breaking a strong support level at 2,758.
Today, it's possible to see a retest around 2749, followed by a potential bearish trend toward 2712.
Bearish Scenario: The price appears set to retest 2749 before resuming a bearish trend toward 2721 and 2,712.
Bullish Scenario: Alternatively, a 4-hour candle close above 2,758 would signal a potential bullish move, with targets at 2,775 and 2,788.
Key Levels:
Pivot Point: 2745
Resistance Levels: 2758, 2764, 2775
Support Levels: 2731, 2712, 2695
Trend Outlook:
Above 2758: Uptrend
Under 2758: Downtrend
previous idea:
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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.
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.