GOLD 4H / Reached the target and still running...
Gold Futures Technical Analysis
Current Outlook: The price has dropped from its all-time high (ATH) and has reached our previously mentioned targets. The downward momentum continues toward 2500, as long as the price remains below 2516.
If the price remains below 2516, the bearish trend is expected to persist, targeting 2500 and 2475. Conversely, a bullish trend would require a 4-hour candle close above 2526.
Key Levels:
Pivot Line: 2519
Resistance Levels: 2526, 2543, 2557
Support Levels: 2500, 2484, 2475
Expected Trading Range Today: The price is expected to fluctuate between 2475 and 2526.
Trend: Bearish.
previous idea:
Current Outlook: The price has dropped from its all-time high (ATH) and has reached our previously mentioned targets. The downward momentum continues toward 2500, as long as the price remains below 2516.
If the price remains below 2516, the bearish trend is expected to persist, targeting 2500 and 2475. Conversely, a bullish trend would require a 4-hour candle close above 2526.
Key Levels:
Pivot Line: 2519
Resistance Levels: 2526, 2543, 2557
Support Levels: 2500, 2484, 2475
Expected Trading Range Today: The price is expected to fluctuate between 2475 and 2526.
Trend: Bearish.
previous idea:
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