Gold Technical Analysis:
Gold futures have regained some ground following Thursday's sharp selloff, the largest single-day decline in a month. Despite the recent dip, the precious metal remains up 17% year-to-date.
Current Outlook:
After a significant drop of over 250 pip, as anticipated in the previous analysis, gold remains under pressure. As long as the price trades below 2500, it is expected to consolidate within the 2500 to 2475 range. The 2475 level is a strong support zone, and a decisive break below this level could signal a bearish shift.
Bullish Scenario:
A sustained move above 2509 could push the price towards 2516 and 2526. For a new bullish trend to emerge, gold must break above 2525, potentially triggering a rally toward 2543 and 2558.
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
The next bearish area will start by stabilizing under 2475
Key Levels:
Pivot Line: 2501
Resistance Levels: 2516, 2525, 2543
Support Levels: 2484, 2475, 2466
Expected Trading Range Today:
The price is anticipated to fluctuate between 2525 and 2475.
Trend: Bearish correction
previous idea:
Gold futures have regained some ground following Thursday's sharp selloff, the largest single-day decline in a month. Despite the recent dip, the precious metal remains up 17% year-to-date.
Current Outlook:
After a significant drop of over 250 pip, as anticipated in the previous analysis, gold remains under pressure. As long as the price trades below 2500, it is expected to consolidate within the 2500 to 2475 range. The 2475 level is a strong support zone, and a decisive break below this level could signal a bearish shift.
Bullish Scenario:
A sustained move above 2509 could push the price towards 2516 and 2526. For a new bullish trend to emerge, gold must break above 2525, potentially triggering a rally toward 2543 and 2558.
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
The next bearish area will start by stabilizing under 2475
Key Levels:
Pivot Line: 2501
Resistance Levels: 2516, 2525, 2543
Support Levels: 2484, 2475, 2466
Expected Trading Range Today:
The price is anticipated to fluctuate between 2525 and 2475.
Trend: Bearish correction
previous idea:
交易進行
GOLD update the price reversed and stabilized above the resistance line which is 2509 so it means will continue the bullish trend toward 2525 as we mentioned in the chart
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。