GOLD Bearish Trend Below Key 2500 Level
Gold Technical Analysis - 9 Sep. 2024:
The price is expected to follow a bearish trend if it remains below 2500, with potential targets at 2484 and 2475. A further decline could occur if the price closes a 4-hour candle below 2466, potentially targeting 2442.
However, if the price reverses and stabilizes above 2500, it may signal a bullish move towards 2516, especially if a 4-hour candle closes above this level.
Key Levels:
Pivot Point: 2500
Resistance Levels: 2516, 2526, 2532
Support Levels: 2484, 2475, 2466
Expected Trading Range: 2509 - 2466
Trend: Bearish as long as the price remains below 2500.
previous idea:
The price is expected to follow a bearish trend if it remains below 2500, with potential targets at 2484 and 2475. A further decline could occur if the price closes a 4-hour candle below 2466, potentially targeting 2442.
However, if the price reverses and stabilizes above 2500, it may signal a bullish move towards 2516, especially if a 4-hour candle closes above this level.
Key Levels:
Pivot Point: 2500
Resistance Levels: 2516, 2526, 2532
Support Levels: 2484, 2475, 2466
Expected Trading Range: 2509 - 2466
Trend: Bearish as long as the price remains below 2500.
previous idea:
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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.