GOLD - Trying To Be Uptrend
Gold Price Analysis: Potential Consolidation Between $2,420 and $2,397
Current Outlook:
Today, gold is expected to trade between 2420 and 2397, indicating a consolidation phase until a breakout occurs. but the direction has a bullish volume for today
Bullish Scenario:
If gold attempts to reach 2416 or 2420 and breaks above 2420, it could trend upwards towards 2428 and 2440.
Bearish Scenario:
Trading below 2420 suggests a potential drop to 2397. A break below 2397 could lead to further declines to 2378 and 2356.
Key Levels:
- Pivot Line: 2,408
- Resistance Levels: 2416, 2420, 2428
- Support Levels: 2397, 2378, 2356
Today's Expected Range:
Gold is anticipated to fluctuate between support at 2378 and resistance at 2420, with a bearish bias.
Current Outlook:
Today, gold is expected to trade between 2420 and 2397, indicating a consolidation phase until a breakout occurs. but the direction has a bullish volume for today
Bullish Scenario:
If gold attempts to reach 2416 or 2420 and breaks above 2420, it could trend upwards towards 2428 and 2440.
Bearish Scenario:
Trading below 2420 suggests a potential drop to 2397. A break below 2397 could lead to further declines to 2378 and 2356.
Key Levels:
- Pivot Line: 2,408
- Resistance Levels: 2416, 2420, 2428
- Support Levels: 2397, 2378, 2356
Today's Expected Range:
Gold is anticipated to fluctuate between support at 2378 and resistance at 2420, with a bearish bias.
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
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.