thriftyCode2170

thriftyCode2170

Analysis Technical Indicators: 50-Day Simple Moving Average (SMA): The price is currently trading above the 50-day SMA. This could indicate a bullish trend or potential for further price decline. Support and Resistance Levels: i have marked several support and resistance levels in yellow. These levels often act as areas where price tends to stall or reverse...

thriftyCode2170

The chart suggests a bullish outlook, as the price appears to be forming a breakout structure. If the price sustains above $93,500 and breaks above $95,000 convincingly, it could trigger a rally towards $98,986 and potentially the psychological $100,000 level. However, if the price fails to hold above the current support zones, it may retest $92,000 or lower...

thriftyCode2170

Analysis: The current price of gold is hovering around 2615.980 USD. A closer look at the 4-hour chart reveals a few key observations: Price Action: The price has been consolidating within a defined range for the past few days. The yellow line indicates my predicted future price move. Support and Resistance: I have identified several significant support and...