Gold Extends Bearish Trend Below 2677 with Key Support at 2644
GOLD Technical Analysis
The price completed its retest up to 2706 and then dropped as previously anticipated.
Today, the bearish trend continues, with price stability below 2677, which suggests further downside toward 2644 and possibly 2629.
As long as trading remains below 2670, the bearish momentum is expected to persist, targeting 2644 and 2629.
To confirm a bullish shift, a 4-hour candle close above 2677 is required.
Key Levels:
Pivot Point: 2665
Resistance Levels: 2677, 2695, 2706
Support Levels: 2644, 2629, 2607
Trend Outlook:
Bearish trend while under 2677
previous idea:
The price completed its retest up to 2706 and then dropped as previously anticipated.
Today, the bearish trend continues, with price stability below 2677, which suggests further downside toward 2644 and possibly 2629.
As long as trading remains below 2670, the bearish momentum is expected to persist, targeting 2644 and 2629.
To confirm a bullish shift, a 4-hour candle close above 2677 is required.
Key Levels:
Pivot Point: 2665
Resistance Levels: 2677, 2695, 2706
Support Levels: 2644, 2629, 2607
Trend Outlook:
Bearish trend while under 2677
previous idea:
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