Gold Technical Analysis - 16 Sep. 2024
Gold Rises on Softer U.S. Dollar, U.S. Rate-Cut Expectations
GOLD recorded a new peak at 2589 and stabilized at a new bullish zone while above 2527 for the long term.
Now the price should break 2578 to be a downtrend toward 2570 and 2553, but stabilizing above 2580 it will be sensitive to touch 2599 before dropping, we expect a bearish trend till the Fed rate Day,
Key Levels:
- Pivot Point: 2580
- Resistance: 2590, 2600, 2625
- Support: 2570, 2554, 2543
Trend:
- Consolidation: 2570 - 2600
- Bullish: Above 2580
- Bearish: Below 2578
Gold Rises on Softer U.S. Dollar, U.S. Rate-Cut Expectations
GOLD recorded a new peak at 2589 and stabilized at a new bullish zone while above 2527 for the long term.
Now the price should break 2578 to be a downtrend toward 2570 and 2553, but stabilizing above 2580 it will be sensitive to touch 2599 before dropping, we expect a bearish trend till the Fed rate Day,
Key Levels:
- Pivot Point: 2580
- Resistance: 2590, 2600, 2625
- Support: 2570, 2554, 2543
Trend:
- Consolidation: 2570 - 2600
- Bullish: Above 2580
- Bearish: Below 2578
Technical analyst focused on gold, indices, and forex.
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
More at: sroshmayi.com/
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
More at: sroshmayi.com/
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Technical analyst focused on gold, indices, and forex.
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
More at: sroshmayi.com/
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
More at: sroshmayi.com/
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.