If the price remains below 2,895, the bearish trend is expected to strengthen, with a likely move toward 2,880. A break below 2,880 would further activate the bearish momentum, pushing the price into the range zone, where consolidation or additional declines may occur.
However, this zone could act as a support level, potentially driving the price back upward. The reaction at this level may also be influenced by upcoming economic data releases, particularly GDP, Durable Goods Orders and Initial Jobless Claims. If these reports favor gold—indicating economic weakness or increasing demand for safe-haven assets—the price could rebound, challenging the resistance levels above. Conversely, if the data supports risk appetite or economic strength, the bearish trend is likely to persist.
Tendency Keys: 2895
Resistance Line: 2895, 2938, 2955
Support Line: 2880, 2844, 2811
However, this zone could act as a support level, potentially driving the price back upward. The reaction at this level may also be influenced by upcoming economic data releases, particularly GDP, Durable Goods Orders and Initial Jobless Claims. If these reports favor gold—indicating economic weakness or increasing demand for safe-haven assets—the price could rebound, challenging the resistance levels above. Conversely, if the data supports risk appetite or economic strength, the bearish trend is likely to persist.
Tendency Keys: 2895
Resistance Line: 2895, 2938, 2955
Support Line: 2880, 2844, 2811
Trade active
The price is currently attempting to move out of the support zone. A confirmed breakout below this level on the 4-hour candle could lead to further decline towards 2844. However, if the price rises above 2880 again, it may attempt to climb higher.
about 4 Analysis per day.
With Clear entry point and target line with stopout zone
~900 pips per week —— Accuracy more than 88%
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With Clear entry point and target line with stopout zone
~900 pips per week —— Accuracy more than 88%
with best learning
Be Stronger With us
THANKS for your support
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.
about 4 Analysis per day.
With Clear entry point and target line with stopout zone
~900 pips per week —— Accuracy more than 88%
with best learning
Be Stronger With us
THANKS for your support
With Clear entry point and target line with stopout zone
~900 pips per week —— Accuracy more than 88%
with best learning
Be Stronger With us
THANKS for your support
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.