GOLD Price Consolidation Between 2378 & 2356 with Bearish Bias
GOLD Price dropped perfectly as we mentioned in the previous idea
For Today the price will trade between 2378 and 2356 till breaking, as long as trades under 2378, the means will continue dropping to get 2356, and reversing should stabilize above 2379.
Bullish Scenario:
The price should stabilize above 2379 by closing 4h candle above it, to be 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: 2378
- 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 2388, with a bearish inclination.
previous idea:
For Today the price will trade between 2378 and 2356 till breaking, as long as trades under 2378, the means will continue dropping to get 2356, and reversing should stabilize above 2379.
Bullish Scenario:
The price should stabilize above 2379 by closing 4h candle above it, to be 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: 2378
- 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 2388, with a bearish inclination.
previous idea:
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