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GOLD 4H NEW FORECAST
📈 Bullish (Uptrend) Scenario:
Current Price: Around $2920
If gold stabilizes above $2918, the trend remains bullish.
Next targets for a rise:
$2931- $2955(Resistance Zone - GOLDTURN)
$2,970 (Major Resistance Level)
A break above $2931could signal further upside toward $2970.
💡 Key Takeaway: Stability above $2931 confirms a potential move toward $2955 and $2970.
📉 Bearish (Downtrend) Scenario:
If gold fails to hold above $2918and drops below, it may decline.
First support level: $2907
Break below $2907 could lead to further drops:
$2883 (Support)
$2868 (Stronger Support)
Major support zone: $2830 - $2805
If price drops below $2883, a stronger downtrend could develop.
💡 Key Takeaway: If gold drops below $2918, expect further declines toward $2907 , $2883
📌 Simple Summary:
✔ Above $2931 → Expect a rise to $2955 & $2970
✔ Below $2907 → Expect a drop to $2883 & $2868
✔ Break above $2955 → Strong bullish continuation
✔ Break below $2883 → Strong bearish continuation
GOLD 4H NEW FORECAST
📈 Bullish (Uptrend) Scenario:
Current Price: Around $2920
If gold stabilizes above $2918, the trend remains bullish.
Next targets for a rise:
$2931- $2955(Resistance Zone - GOLDTURN)
$2,970 (Major Resistance Level)
A break above $2931could signal further upside toward $2970.
💡 Key Takeaway: Stability above $2931 confirms a potential move toward $2955 and $2970.
📉 Bearish (Downtrend) Scenario:
If gold fails to hold above $2918and drops below, it may decline.
First support level: $2907
Break below $2907 could lead to further drops:
$2883 (Support)
$2868 (Stronger Support)
Major support zone: $2830 - $2805
If price drops below $2883, a stronger downtrend could develop.
💡 Key Takeaway: If gold drops below $2918, expect further declines toward $2907 , $2883
📌 Simple Summary:
✔ Above $2931 → Expect a rise to $2955 & $2970
✔ Below $2907 → Expect a drop to $2883 & $2868
✔ Break above $2955 → Strong bullish continuation
✔ Break below $2883 → Strong bearish continuation
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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.