Gold Slips Amid Profit-Taking; All Eyes on U.S. Inflation Data
Gold Drops on Profit-Taking as U.S. Inflation Data Looms
Technical Analysis: Gold
Current Outlook: The price advanced as predicted, and to maintain the bullish trend, a break above the all-time high (ATH) of 2,475 is necessary to target 2,484 and 2,493.
Bullish Scenario:
The price needs to break above 2,475 to confirm a bullish trend towards 2,484 and 2,493. Surpassing this level could initiate a strong bullish movement.
Bearish Scenario:
Stabilization below 2,466 may trigger a decline to 2,450, indicating a potential for a strong bearish correction.
Key Levels:
- Pivot Line: 2,466
- Resistance Levels: 2475, 2484, 2493
- Support Levels: 2452, 2440, 2428
Today's Expected Trading Range: The price is anticipated to fluctuate between 2,484 and 2,450.
Tendency: Bearish Correction down to 2,450
previous idea:
Technical Analysis: Gold
Current Outlook: The price advanced as predicted, and to maintain the bullish trend, a break above the all-time high (ATH) of 2,475 is necessary to target 2,484 and 2,493.
Bullish Scenario:
The price needs to break above 2,475 to confirm a bullish trend towards 2,484 and 2,493. Surpassing this level could initiate a strong bullish movement.
Bearish Scenario:
Stabilization below 2,466 may trigger a decline to 2,450, indicating a potential for a strong bearish correction.
Key Levels:
- Pivot Line: 2,466
- Resistance Levels: 2475, 2484, 2493
- Support Levels: 2452, 2440, 2428
Today's Expected Trading Range: The price is anticipated to fluctuate between 2,484 and 2,450.
Tendency: Bearish Correction down to 2,450
previous idea:
my free signals channel telegram
t.me/Srosh_signals
~6 analyses per day. With a clear entry point
more than 1000 pip per week —— Accuracy +88%
SM World and Economy News 24/7
Urgent News ⚡️:
t.me/SM_News_24h
t.me/Srosh_signals
~6 analyses per day. With a clear entry point
more than 1000 pip per week —— Accuracy +88%
SM World and Economy News 24/7
Urgent News ⚡️:
t.me/SM_News_24h
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.