#Importance Gold Update! 02/12/2024
Gold Update: 02/12/2024
🔔 New Month/New Week
Currently, #Gold is showing a one-month bearish divergence, suggesting a potential future correction. It's important to monitor the four-hour chart closely.
🚨 Key Levels to Watch:
- Resistance Levels:
- First resistance at $2650
- Next resistances at $2669/$2671
If the rising wedge pattern plays out, we could find support around the $2635 area.
🔻 Support Levels:
- If $2635 is broken, the next support levels to watch are $2605/$2600.
🚨 Important Notice:
Keep an eye on gold! If it breaks above 2680 and closes a candle in the 2680 area, this analysis will no longer be valid. We’ll provide updates as the situation develops, so stay tuned!
#SRFXGlobal
🔔 New Month/New Week
Currently, #Gold is showing a one-month bearish divergence, suggesting a potential future correction. It's important to monitor the four-hour chart closely.
🚨 Key Levels to Watch:
- Resistance Levels:
- First resistance at $2650
- Next resistances at $2669/$2671
If the rising wedge pattern plays out, we could find support around the $2635 area.
🔻 Support Levels:
- If $2635 is broken, the next support levels to watch are $2605/$2600.
🚨 Important Notice:
Keep an eye on gold! If it breaks above 2680 and closes a candle in the 2680 area, this analysis will no longer be valid. We’ll provide updates as the situation develops, so stay tuned!
#SRFXGlobal
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