Gold Hits $2,600 High; Bullish Momentum in Question
Aggiornato
Gold Technical Analysis – 19th September 2024
Gold Reaches Record High of $2,600, Fed-Driven Surge May Be Temporary
Gold (XAU/USD) hit a new all-time high of $2,600 before retreating by approximately $55 per ounce. Moving forward, the gold market is expected to exhibit increased volatility, potentially favoring a bullish trend.
Currently, a retest of the $2,600 level appears likely. A break above this point could signal further bullish momentum towards $2,617. Conversely, if the price fails to sustain above $2,600, a downward movement could follow.
Key Levels:
Pivot Point: 2587
Resistance: 2599, 2617
Support: 2570, 2562, 2543
Trend Outlook:
Consolidation: 2580 - 2600
Bullish: Above 2579
Bearish: Below 2570
Gold Reaches Record High of $2,600, Fed-Driven Surge May Be Temporary
Gold (XAU/USD) hit a new all-time high of $2,600 before retreating by approximately $55 per ounce. Moving forward, the gold market is expected to exhibit increased volatility, potentially favoring a bullish trend.
Currently, a retest of the $2,600 level appears likely. A break above this point could signal further bullish momentum towards $2,617. Conversely, if the price fails to sustain above $2,600, a downward movement could follow.
Key Levels:
Pivot Point: 2587
Resistance: 2599, 2617
Support: 2570, 2562, 2543
Trend Outlook:
Consolidation: 2580 - 2600
Bullish: Above 2579
Bearish: Below 2570
Trade chiuso: obiettivo raggiunto
GOLD
UPDATE
The price succeeded for the bullish trend and already broke the ATH now will drive to 2617 as long as trades above 2600
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.