Gold Monday 04/11/2024
Analysis Summary:
Support Levels:
Support 1:
2736 - A key level that may serve as a potential bounce point for price.
Support 2:
2720 - An additional lower support level within the lower OB zone, where demand might increase.
Resistance Levels:
Resistance 1:
2753 - An initial resistance level that price may encounter on the way up.
Resistance 2:
2760 - A higher resistance located within the upper OB zone, which could hinder further upward movement.
Order Block (OB) Zones:
Upper OB: Between 2753 and 2760 - A potential selling pressure area that may limit upward price movement.
Lower OB: Between 2730 and 2720 - A strong support area where buying pressure may emerge.
> Note: These levels represent potential reversal points, and it is recommended to monitor technical signals when price reaches these areas to confirm the future direction.
Support Levels:
Support 1:
2736 - A key level that may serve as a potential bounce point for price.
Support 2:
2720 - An additional lower support level within the lower OB zone, where demand might increase.
Resistance Levels:
Resistance 1:
2753 - An initial resistance level that price may encounter on the way up.
Resistance 2:
2760 - A higher resistance located within the upper OB zone, which could hinder further upward movement.
Order Block (OB) Zones:
Upper OB: Between 2753 and 2760 - A potential selling pressure area that may limit upward price movement.
Lower OB: Between 2730 and 2720 - A strong support area where buying pressure may emerge.
> Note: These levels represent potential reversal points, and it is recommended to monitor technical signals when price reaches these areas to confirm the future direction.
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