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GOLD 4H NEW FORECAST
Key Level to Watch: 2980.50
This is the pivot point or the level where decisions will be made.
If the price stays above this level, the trend is likely to continue upwards.
If the price falls below this level, a downtrend may begin.
If Gold Stays Above 2980.50 → Bullish Scenario (Price Increase)
If the price holds above 2980.50, this suggests continued upward movement.
The next target levels to watch for a rise are:
3003 → First resistance level
3013 → Second resistance level
3029 → Third resistance level
Break & Hold above 3003 confirms that gold is gaining strength and could push higher.
If Gold Breaks Below 2980 → Bearish Scenario (Price Drop)
If the price drops below 2980 and confirms a downtrend, the next support levels are:
2970 → First support level
2955 → Second support level
2931 → Third support level
Break & Hold below 2955 increases the chances of a deeper decline toward 2931.
Importance of 4-Hour Time Frame
The 4-hour chart is used to confirm if these levels hold.
If a 4-hour candle closes above or below these levels, it strengthens the prediction.
Summary
Above 2980.50 → Gold moves up toward 3003, 3013, and 3029.
Below 2980.50 → Gold moves down toward 2970, 2955, and 2931.
4-hour confirmation is important to validate these moves.
GOLD 4H NEW FORECAST
Key Level to Watch: 2980.50
This is the pivot point or the level where decisions will be made.
If the price stays above this level, the trend is likely to continue upwards.
If the price falls below this level, a downtrend may begin.
If Gold Stays Above 2980.50 → Bullish Scenario (Price Increase)
If the price holds above 2980.50, this suggests continued upward movement.
The next target levels to watch for a rise are:
3003 → First resistance level
3013 → Second resistance level
3029 → Third resistance level
Break & Hold above 3003 confirms that gold is gaining strength and could push higher.
If Gold Breaks Below 2980 → Bearish Scenario (Price Drop)
If the price drops below 2980 and confirms a downtrend, the next support levels are:
2970 → First support level
2955 → Second support level
2931 → Third support level
Break & Hold below 2955 increases the chances of a deeper decline toward 2931.
Importance of 4-Hour Time Frame
The 4-hour chart is used to confirm if these levels hold.
If a 4-hour candle closes above or below these levels, it strengthens the prediction.
Summary
Above 2980.50 → Gold moves up toward 3003, 3013, and 3029.
Below 2980.50 → Gold moves down toward 2970, 2955, and 2931.
4-hour confirmation is important to validate these moves.
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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.
Related publications
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.