Here's an analysis of the Gold Market Price Action:
**Current Price Range**: The Gold market is currently fluctuating between **2920** and **2915**.
**Scenario 1: Bullish Outlook (H4 candle closes above 2920)**:
- If the **H4 candle closes above 2920**, this would suggest a potential continuation to the upside.
- **Target Zones**: The next potential resistance levels could be around **2940** to **2960**. This would suggest a bullish trend, and traders might consider entering long positions with these targets in mind.
3. **Scenario 2: Bearish Outlook (H4 candle closes below 2915)**:
- If the **H4 candle closes below 2915**, this could indicate a bearish move.
- **Target Zones**: The market might target **2900** to **2880** as the next support levels. In this case, short positions might be considered, with these targets providing potential profit zones.
### Summary:
- **Bullish Scenario**: Close above 2920 → Targets: 2940 to 2960.
- **Bearish Scenario**: Close below 2915 → Targets: 2900 to 2880.
This analysis is based on the price action between 2915 to 2920 and will depend on the H4 candle's closure. Keep an eye on these levels for confirmation of the trend direction.
**Current Price Range**: The Gold market is currently fluctuating between **2920** and **2915**.
**Scenario 1: Bullish Outlook (H4 candle closes above 2920)**:
- If the **H4 candle closes above 2920**, this would suggest a potential continuation to the upside.
- **Target Zones**: The next potential resistance levels could be around **2940** to **2960**. This would suggest a bullish trend, and traders might consider entering long positions with these targets in mind.
3. **Scenario 2: Bearish Outlook (H4 candle closes below 2915)**:
- If the **H4 candle closes below 2915**, this could indicate a bearish move.
- **Target Zones**: The market might target **2900** to **2880** as the next support levels. In this case, short positions might be considered, with these targets providing potential profit zones.
### Summary:
- **Bullish Scenario**: Close above 2920 → Targets: 2940 to 2960.
- **Bearish Scenario**: Close below 2915 → Targets: 2900 to 2880.
This analysis is based on the price action between 2915 to 2920 and will depend on the H4 candle's closure. Keep an eye on these levels for confirmation of the trend direction.
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JOIN MY RECOMMENDED BROKER EXNESS
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.