Gold Poised for Bullish Momentum Ahead of U.S. Inflation Data
Updated
Gold Technical Analysis - 10 Sep. 2024:
Gold Broadly Stable Ahead of U.S. Inflation Data
The price is expected to follow a bullish trend Today if it remains above 2500, with potential targets at 2516 and 2526. A further rise could occur if the price closes a 4-hour candle above 2526, potentially targeting 2543.
However, if the price reverses and stabilizes under 2500, it may signal a bearish move towards 2492 and 2484.
Key Levels:
Pivot Point: 2500
Resistance Levels: 2516, 2526, 2532
Support Levels: 2492, 2484, 2475
Expected Trading Range: 2525 - 2484
Trend: Bullish as long as the price remains above 2500.
Gold Broadly Stable Ahead of U.S. Inflation Data
The price is expected to follow a bullish trend Today if it remains above 2500, with potential targets at 2516 and 2526. A further rise could occur if the price closes a 4-hour candle above 2526, potentially targeting 2543.
However, if the price reverses and stabilizes under 2500, it may signal a bearish move towards 2492 and 2484.
Key Levels:
Pivot Point: 2500
Resistance Levels: 2516, 2526, 2532
Support Levels: 2492, 2484, 2475
Expected Trading Range: 2525 - 2484
Trend: Bullish as long as the price remains above 2500.
Trade closed: target reached
GOLD
Update
the price reached the target as we mentioned 2516, and now should break 2516 to be more bullish till 2526
otherwise as long as trades under 2516 mean will trades between 2516 and 2500 till breaking
Trade closed: target reached
GOLD
Update
The price reached our target and was rejected at their ATH and dropped again
so now should break 2500 to drop more till 2484 and 2475
otherwise, as long as trades above 2500 will try to touch 2516 and 2526 again
Trade closed: target reached
Gold Technical Analysis - 13 Sep. 2024
Gold Rises on Softer U.S. Dollar, U.S. Rate-Cut Expectations
GOLD recorded a new peak at 2580 and stabilized at a new bullish zone while above 2527 for the long term.
now it is possible to do a retest till 2570 or 2553 and then consolidate between 2570 and 2553 till breaking.
if the price can stabilize above 2580 mean will try to get a new peak around 2600
Key Levels:
- Pivot Point: 2580
- Resistance: 2600, 2625
- Support: 2570, 2554, 2543
Trend:
- Consolidation: 2580 - 2553
- Bullish: Above 2570
- Bearish: Below 2570
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