Hello everyone,
GOLD 4H NEW FORECAST
Scenario 1: Price Increase (Bullish)
If the price stays above 2906 and starts rising, it is expected to continue increasing.
The first target is 2918—if the price stabilizes above this for at candle 4 hours, then the price is likely to rise further.
After 2918, the next target are 2931 and 2955.
📌 Key Levels in Uptrend:
2906 (Key support level)
2918 (Confirmation level for more rise)
2931 & 2955 (Potential resistance levels)
Scenario 2: Price Decrease (Bearish)
If the price falls below 2906 and continues to decline, it is expected to move lower.
The first target is 2895, then 2883—if the price breaks below 2883 and stays there for at candle 4 hours, the price may drop even further.
The next major support level is 2868.
📌 Key Levels in Downtrend:
2906 (Key resistance level if price drops)
2895 & 2883 (Short-term support levels)
2868 (Potential deeper support level)
Summary
Above 2906 ➝ Price likely to go up to 2918, then possibly 2931 & 2955.
Below 2906 ➝ Price likely to drop to 2895 & 2883, and if it stays below 2883 for 4 hours, it may continue to 2868.
GOLD 4H NEW FORECAST
Scenario 1: Price Increase (Bullish)
If the price stays above 2906 and starts rising, it is expected to continue increasing.
The first target is 2918—if the price stabilizes above this for at candle 4 hours, then the price is likely to rise further.
After 2918, the next target are 2931 and 2955.
📌 Key Levels in Uptrend:
2906 (Key support level)
2918 (Confirmation level for more rise)
2931 & 2955 (Potential resistance levels)
Scenario 2: Price Decrease (Bearish)
If the price falls below 2906 and continues to decline, it is expected to move lower.
The first target is 2895, then 2883—if the price breaks below 2883 and stays there for at candle 4 hours, the price may drop even further.
The next major support level is 2868.
📌 Key Levels in Downtrend:
2906 (Key resistance level if price drops)
2895 & 2883 (Short-term support levels)
2868 (Potential deeper support level)
Summary
Above 2906 ➝ Price likely to go up to 2918, then possibly 2931 & 2955.
Below 2906 ➝ Price likely to drop to 2895 & 2883, and if it stays below 2883 for 4 hours, it may continue to 2868.
Related publications
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.
Related publications
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.