Gold Breaks Resistance: Bullish Momentum or Reversal Ahead?
Gold Technical Analysis
- The price has recently broken above the resistance line at 2,677 and is attempting to stabilize above this level.
- If the price closes a 4-hour candle above 2,686, it could signal further bullish momentum, with potential targets at 2,698 and 2,723.
- However, if the price fails to maintain above 2,686, a pullback toward the support levels of around 2,661 and 2,624 may occur.
Direction:Bullish: A sustained close above 2,686 would support a continued upward movement towards higher resistance levels.
Bearish: If the price fails to hold above 2,686 and reverses, watch for a potential decline toward the support zones.
Key Levels:
Pivot Point: 2677
Resistance Levels: 2686, 2698, 2723
Support Levels: 2661, 2653, 2638
Trend:
Bearish below 2677
Bullish above 2677
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
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.