SPX/ Accumulation zone
Gold Technical Analysis
The price has been consolidating between 6099 and 6058. We should wait until the price breaks out on either side to establish a clearer direction.
A breakout above 6099 will signal a bullish trend toward 6143.
Otherwise, falling and breaking below 2658 will indicate a bearish trend targeting 2622 and 5971.
Key Levels:
Pivot Point: 6058
Resistance Levels: 6099, 6143, 6185
Support Levels: 6058, 6022, 5971
Trend Outlook: Consolidation
The price has been consolidating between 6099 and 6058. We should wait until the price breaks out on either side to establish a clearer direction.
A breakout above 6099 will signal a bullish trend toward 6143.
Otherwise, falling and breaking below 2658 will indicate a bearish trend targeting 2622 and 5971.
Key Levels:
Pivot Point: 6058
Resistance Levels: 6099, 6143, 6185
Support Levels: 6058, 6022, 5971
Trend Outlook: Consolidation
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~6 analyses per day. With a clear entry point
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