GOLD / AFTER CONSOLIDATION, STILL BEARISH...
Updated
GOLD Price dropped perfectly as we mentioned in the previous idea, and again pushed toward their resistance which is 2378
For Today again, the price will trade between 2378 and 2356 till breaking, as long as it trades under 2378, the means will continue dropping to get 2356, and the bullish reverse should stabilize above 2379.
Bullish Scenario:
The price should stabilize above 2379 by closing 4h candle above it, to be a bullish trend toward 2388 and 2397
Bearish Scenario:
The price will drop to get 2366 and 2356, by stabilizing under 2378
Key Levels:
- Pivot Line: 2379
- Resistance Levels: 2366, 2356, 2342
- Support Levels: 2388, 2397, 2420
Today's Expected Range:
The price is anticipated to fluctuate between the support at 2356 and the resistance at 2397, with a bearish inclination as long as it trades under 2379.
For Today again, the price will trade between 2378 and 2356 till breaking, as long as it trades under 2378, the means will continue dropping to get 2356, and the bullish reverse should stabilize above 2379.
Bullish Scenario:
The price should stabilize above 2379 by closing 4h candle above it, to be a bullish trend toward 2388 and 2397
Bearish Scenario:
The price will drop to get 2366 and 2356, by stabilizing under 2378
Key Levels:
- Pivot Line: 2379
- Resistance Levels: 2366, 2356, 2342
- Support Levels: 2388, 2397, 2420
Today's Expected Range:
The price is anticipated to fluctuate between the support at 2356 and the resistance at 2397, with a bearish inclination as long as it trades under 2379.
Note
Changed the direction Stability above 2397 by closing 4h candle, means will be bullish till 2414 and 2420
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