Gold Technical Analysis – 24 September 2024
Gold Holds Steady; Overbought Conditions Emerge After Fresh Record High
Gold continues to exhibit a bullish trend, but a potential correction may occur, with retests expected at the $2,650 and $2,680 levels. A retest remains likely as long as the price stays below $2,634, targeting $2,625 and $2,615. A break below this level could see a further decline towards $2,605. Conversely, a 4-hour candle close above $2,638 would indicate a continuation of the bullish trend, with $2,648 as the next target.
Key Levels:
Pivot Point: 2,634
Resistance Levels: 2648, 2660, 2680
Support Levels: 2615, 2605, 2593
Trend:
Correction towards 2625 - 2615
Bullish above 2638
Gold Holds Steady; Overbought Conditions Emerge After Fresh Record High
Gold continues to exhibit a bullish trend, but a potential correction may occur, with retests expected at the $2,650 and $2,680 levels. A retest remains likely as long as the price stays below $2,634, targeting $2,625 and $2,615. A break below this level could see a further decline towards $2,605. Conversely, a 4-hour candle close above $2,638 would indicate a continuation of the bullish trend, with $2,648 as the next target.
Key Levels:
Pivot Point: 2,634
Resistance Levels: 2648, 2660, 2680
Support Levels: 2615, 2605, 2593
Trend:
Correction towards 2625 - 2615
Bullish above 2638
Technical analyst focused on gold, indices, and forex.
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
More at: sroshmayi.com/
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
More at: sroshmayi.com/
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Technical analyst focused on gold, indices, and forex.
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
More at: sroshmayi.com/
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
More at: sroshmayi.com/
相關出版品
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。