GOLD
As long as the price remains below 2,738, a bearish trend is favored, potentially reaching 2,719 and 2,712, with an extension to 2,695 if downward momentum persists.
However, a 4-hour or 1-hour candle close above 2,739 would signal a bullish shift, targeting 2,748 and 2,758, with a further breakout required to advance toward 2,775.
Key Levels:
Pivot Point: 2738
Resistance Levels: 2748, 2758, 2775
Support Levels: 2719, 2709, 2695
Trend Outlook:
Bearish while under 2738
Above 2739: Uptrend
As long as the price remains below 2,738, a bearish trend is favored, potentially reaching 2,719 and 2,712, with an extension to 2,695 if downward momentum persists.
However, a 4-hour or 1-hour candle close above 2,739 would signal a bullish shift, targeting 2,748 and 2,758, with a further breakout required to advance toward 2,775.
Key Levels:
Pivot Point: 2738
Resistance Levels: 2748, 2758, 2775
Support Levels: 2719, 2709, 2695
Trend Outlook:
Bearish while under 2738
Above 2739: Uptrend
Technical analyst focused on gold, indices, and forex.
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
More at: sroshmayi.com/
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
More at: sroshmayi.com/
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.
Technical analyst focused on gold, indices, and forex.
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
More at: sroshmayi.com/
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
More at: sroshmayi.com/
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.