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GOLD 4H NEW FORECAST
📈 Bullish Scenario (Uptrend)
✔ If the price stays above 2980, it indicates a continuation of the upward trend.
✔ Key resistance levels:
3,003 USD → First resistance.
3,013 USD → Second resistance.
Break and hold above 3003 → Strong bullish momentum towards 3013USD.
✔ Final Target: 3029+
📉 Bearish Scenario (Downtrend)
✔ If the price breaks below 2,980, it may trigger a downside move.
✔ Key support levels:
2970 USD → First support level.
Break below 2970 → Price may fall toward 2955 .
Stronger bearish confirmation comes with stability below 2,931 USD, which could extend the decline.
📌 Summary
✔ Above 2980 → Bullish move towards 3003, 3013,and possibly 3029+.
✔ Below 2980 → Bearish move towards 2970 and 2955.
✔ Break and hold above 3003→ Strong uptrend continuation.
✔ Break and hold below 2931 → Deeper correction expected.
GOLD 4H NEW FORECAST
📈 Bullish Scenario (Uptrend)
✔ If the price stays above 2980, it indicates a continuation of the upward trend.
✔ Key resistance levels:
3,003 USD → First resistance.
3,013 USD → Second resistance.
Break and hold above 3003 → Strong bullish momentum towards 3013USD.
✔ Final Target: 3029+
📉 Bearish Scenario (Downtrend)
✔ If the price breaks below 2,980, it may trigger a downside move.
✔ Key support levels:
2970 USD → First support level.
Break below 2970 → Price may fall toward 2955 .
Stronger bearish confirmation comes with stability below 2,931 USD, which could extend the decline.
📌 Summary
✔ Above 2980 → Bullish move towards 3003, 3013,and possibly 3029+.
✔ Below 2980 → Bearish move towards 2970 and 2955.
✔ Break and hold above 3003→ Strong uptrend continuation.
✔ Break and hold below 2931 → Deeper correction expected.
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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.