Search
Products
Community
Markets
News
Brokers
More
EN
Get started
Community
/
Ideas
/
GOLD Consolidation with Bearish Bias Below Key Resistance Levels
Gold Spot / U.S. Dollar
Short
GOLD Consolidation with Bearish Bias Below Key Resistance Levels
By SroshMayi
Follow
Follow
Updated
Sep 3
1
5
Cheer
Cheer
Sep 3
Gold Futures Technical Analysis
Current Outlook: The price has a consolidation between 2508 and 2492 till breaking
The downward momentum continues toward 2475, as long as the price remains below 2526 and 2509.
Especially if it can stabilized under 2501
If the price remains above 2508, the bullish trend is expected to persist, targeting 2516 and 2526.
Key Levels:
Pivot Line: 2500
Resistance Levels: 2509, 2516, 2526
Support Levels: 2492, 2484, 2475
Expected Trading Range Today: The price fluctuates between 2475 and 2516.
Trend: Bearish side as long as trades under 2508.
Sep 3
Trade closed: target reached
#GOLD
Update
Hit The third target +250 pip ✅✅
the price reached the support of 2475, crossing this level will continue the downtrend toward 2466.
however, above 2475 will move between this level and 2492
So you can close your position at profit, or if you want to hold, set your sl at entry price.
Timeframe 4h, 1h
Supply and Demand
Support and Resistance
Trend Analysis
XAU
XAUUSD
SroshMayi
Follow
Follow
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
Related publications
GOLD / US. DATA COMING vs BEARISH MOMENTUM
by SroshMayi
Published
GOLD / ATH many times!!! (Strong pivot 2526)
by SroshMayi
Published
Gold Futures: Bearish Momentum Persists Below Key Level of 2508
by SroshMayi
Published
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the
Terms of Use
.