GOLD /Bearish Momentum Strengthens

Technical Analysis

The price has declined and stabilized within a bearish zone after breaking a strong support level at 2,758.

Today, it's possible to see a retest around 2749, followed by a potential bearish trend toward 2712.

Bearish Scenario: The price appears set to retest 2749 before resuming a bearish trend toward 2721 and 2,712.

Bullish Scenario: Alternatively, a 4-hour candle close above 2,758 would signal a potential bullish move, with targets at 2,775 and 2,788.

Key Levels:
Pivot Point: 2745
Resistance Levels: 2758, 2764, 2775
Support Levels: 2731, 2712, 2695

Trend Outlook:
Above 2758: Uptrend
Under 2758: Downtrend

previous idea:
Market Sensitivity Ahead: Key Levels to Watch Amid NFP Release
GoldSupport and ResistanceTrend AnalysisTrend LinesXAUXAUUSD

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
Also on:

Related publications

Disclaimer