Technical Analysis: Gold
The price of gold has recently surged, reaching our previously projected target of 2420, before subsequently dropping to the support line at 2397.
The price of gold has recently surged, reaching our previously projected target of 2420, before subsequently dropping to the support line at 2397.
- Current Outlook:
The price of gold is expected to be influenced significantly by the upcoming Producer Price Index (PPI) results. From a technical perspective, the bullish trend remains intact as long as the price trades above 2397, as indicated by the 4-hour volume analysis, with the potential to reach 2387. - Bullish Scenario:
Should the price remain above 2397, there is potential for an upside movement towards 2420 again. A PPI release of less than 2.3% would confirm this uptrend. - Bearish Scenario:
If the PPI results exceed expectations, particularly above 2.3%, the price may decline, targeting the 2378 level. - Key Levels:
- Pivot Line: 2397
- Resistance Levels: 2413, 2420, 2438
- Support Levels: 2387, 2378, 2357 - Today's Expected Range:
The price is anticipated to fluctuate between the support at 2378 and the resistance at 2420, with a bullish inclination. - Impact of Product Price Index (YoY) (June):
With an expected result of 2.3%, the Producer Price Index is likely to exert bearish pressure on gold prices.
previous idea:
註釋
The price reversed and will run the bearish trend because the PPI released 2.6% which means the effect will be negative on the GOLD Depending on the PPI result the direction of GOLD will be Downtrend to get 2387 and 2378.
Bearish Confirmation:🔽
closing 4h candle under 2397 means will drop to get 2387 and 2378
PIVOT LINE 2397
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。