GOLD / Bearish by stability under 2526 ATH
Gold Futures Technical Analysis: Bearish Momentum Likely Unless Key Resistance is Broken
Current Outlook: Gold futures have once again reached their all-time high (ATH). However, as long as the price remains below 2526, it is expected to stabilize within a bearish trend, potentially declining to 2516 and 2500. A drop below 2500 would likely extend the bearish trend further towards 2475.
On the other hand, a bullish trend may emerge if the price breaks above 2526 and a 4-hour candle closes above this level, setting the stage for a rise towards 2543.
Key Levels:
Pivot Line: 2526
Resistance Levels: 2543, 2557, 2566
Support Levels: 2516, 2509, 2500
Expected Trading Range for Today: The price will fluctuate between 2500 and 2535.
Trend: Bearish bias, unless a breakout above 2526 occurs.
Current Outlook: Gold futures have once again reached their all-time high (ATH). However, as long as the price remains below 2526, it is expected to stabilize within a bearish trend, potentially declining to 2516 and 2500. A drop below 2500 would likely extend the bearish trend further towards 2475.
On the other hand, a bullish trend may emerge if the price breaks above 2526 and a 4-hour candle closes above this level, setting the stage for a rise towards 2543.
Key Levels:
Pivot Line: 2526
Resistance Levels: 2543, 2557, 2566
Support Levels: 2516, 2509, 2500
Expected Trading Range for Today: The price will fluctuate between 2500 and 2535.
Trend: Bearish bias, unless a breakout above 2526 occurs.
Trade chiuso: obiettivo raggiunto
GOLD
Hit the first target of about 150 pip
now should stabilize under 2516 by closing 1h candle to get 2509 and 2500
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%
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Urgent News ⚡️:
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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
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
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