Gold (XAU/USD) is under pressure as it has repeatedly failed to break through the $4,245-$4,250 barrier. This failure, followed by a decline, supports the bearish view.
✅ Bearish Scenario
- ⚡Initial Critical Point: Diverse technical oscillators indicate that further declines are likely to find decent support near the weekly low, which is the $4,164-$4,163 area.
- ⚡Downside Target: Continued selling below this level could drag Gold towards the $4,100 round figure.
- ⚡Strong Support Base: The next decline will test the confluence support at $4,085.
Note: $4,085 is composed of the 200-period EMA on the 4-hour chart and an ascending trendline. This level should act as a strong short-term base.
✅ Bullish Scenario
- ⚡Strong Hurdle: The $4,245 – $4,250 zone will continue to act as an immediate strong barrier.
- ⚡Next Target: Above $4,250, the price could head towards the $4,277 – $4,278 region.
- ⚡Strong Upside Trigger: Sustained strength beyond the $4,300 round figure will be seen as a key trigger for bulls and pave the way for additional short-term gains.
✅ Bearish Scenario
- ⚡Initial Critical Point: Diverse technical oscillators indicate that further declines are likely to find decent support near the weekly low, which is the $4,164-$4,163 area.
- ⚡Downside Target: Continued selling below this level could drag Gold towards the $4,100 round figure.
- ⚡Strong Support Base: The next decline will test the confluence support at $4,085.
Note: $4,085 is composed of the 200-period EMA on the 4-hour chart and an ascending trendline. This level should act as a strong short-term base.
✅ Bullish Scenario
- ⚡Strong Hurdle: The $4,245 – $4,250 zone will continue to act as an immediate strong barrier.
- ⚡Next Target: Above $4,250, the price could head towards the $4,277 – $4,278 region.
- ⚡Strong Upside Trigger: Sustained strength beyond the $4,300 round figure will be seen as a key trigger for bulls and pave the way for additional short-term gains.
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.