GOLD 4H / Another Correction to 2484

2024年8月22日

Gold Future Slip But Holds Near Record Highs on Dollar Weakness

Technical Analysis: Gold

Current Outlook:
The price has retreated from the resistance level at 2,526 and continues to trade below this key line.

Bullish Scenario:
Stability above 2509 will try to get 2516 and 2526.
For the next bullish trend to begin, gold must break through 2,525, which could lead to a rally toward 2,543 and potentially 2,558.

Bearish Scenario:
While the overall bearish trend is distant, a strong correction could occur, driving the price down to 2,484 or 2,475. However, especially stability under 2509 or 2516

Key Levels:

Pivot Line: 2,509
Resistance Levels: 2516, 2526, 2543
Support Levels: 2500, 2484, 2475

Expected Trading Range Today:
The price is expected to fluctuate between 2,526 and 2,484.

Trend: Bearish correction

2024年8月22日

交易結束：目標達成

Hit Target +260 pip
now stability under 2475 will be a bearish trend 2466
otherwise, stability above 2475 means will move between 2484 and 2475