Gold Update: The price is expected to consolidate between 2665 and 2653 until a breakout occurs.
➡️As long as the price trades below 2665, it is likely to drop to 2653. A 2-hour candle close below 2653 would confirm a bearish trend toward 2636.
➡️Conversely, if a 1-hour candle closes above 2665, the price could rise to 2671.
💠Timeframes to Watch:
4-hour chart for overall trend confirmation
1-hour chart for potential breakout signals
➡️As long as the price trades below 2665, it is likely to drop to 2653. A 2-hour candle close below 2653 would confirm a bearish trend toward 2636.
➡️Conversely, if a 1-hour candle closes above 2665, the price could rise to 2671.
💠Timeframes to Watch:
4-hour chart for overall trend confirmation
1-hour chart for potential breakout signals
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.
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.