Technical Analysis: Gold
The price pushed up and reached our target we mentioned which is 2387, and then dropped.
Current Outlook:
The trend should stabilize above 2358 to be a bullish trend toward 2365, but stabilized under 2356.6 means will touch 2342
Bullish Scenario:
As long as the price trades above 2356, it is likely to maintain a bullish trend towards 2364. A break above 2378 could extend the bullish trend to 2392.
Bearish Scenario:
A 4-hour or 1-hour candle closing below 2356 would indicate a downtrend, with the price expected to trade in the bearish zone between 2343 and 2337
Key Levels:
- Pivot Line: 2358
- Resistance Levels: 2365, 2378, 2397
- Support Levels: 2342, 2320, 2311
Today's Expected Range:
The price is anticipated to move between the support at 2342 and the resistance at 2379, with a bullish tendency.
previous idea:
The price pushed up and reached our target we mentioned which is 2387, and then dropped.
Current Outlook:
The trend should stabilize above 2358 to be a bullish trend toward 2365, but stabilized under 2356.6 means will touch 2342
Bullish Scenario:
As long as the price trades above 2356, it is likely to maintain a bullish trend towards 2364. A break above 2378 could extend the bullish trend to 2392.
Bearish Scenario:
A 4-hour or 1-hour candle closing below 2356 would indicate a downtrend, with the price expected to trade in the bearish zone between 2343 and 2337
Key Levels:
- Pivot Line: 2358
- Resistance Levels: 2365, 2378, 2397
- Support Levels: 2342, 2320, 2311
Today's Expected Range:
The price is anticipated to move between the support at 2342 and the resistance at 2379, with a bullish tendency.
previous idea:
Note
The price reached our target we mentioned whic is 2365, and still running at the bullish trend toward the next target we mentioned above
Technical analyst focused on gold, indices, and forex.
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
More at: sroshmayi.com/
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
More at: sroshmayi.com/
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.
Technical analyst focused on gold, indices, and forex.
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
More at: sroshmayi.com/
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
More at: sroshmayi.com/
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.