Gold Technical Analysis – 19th September 2024
Gold Reaches Record High of $2,600, Fed-Driven Surge May Be Temporary
Gold (XAU/USD) hit a new all-time high of $2,600 before retreating by approximately $55 per ounce. Moving forward, the gold market is expected to exhibit increased volatility, potentially favoring a bullish trend.
Currently, a retest of the $2,600 level appears likely. A break above this point could signal further bullish momentum towards $2,617. Conversely, if the price fails to sustain above $2,600, a downward movement could follow.
Key Levels:
Pivot Point: 2587
Resistance: 2599, 2617
Support: 2570, 2562, 2543
Trend Outlook:
Consolidation: 2580 - 2600
Bullish: Above 2579
Bearish: Below 2570
Gold Reaches Record High of $2,600, Fed-Driven Surge May Be Temporary
Gold (XAU/USD) hit a new all-time high of $2,600 before retreating by approximately $55 per ounce. Moving forward, the gold market is expected to exhibit increased volatility, potentially favoring a bullish trend.
Currently, a retest of the $2,600 level appears likely. A break above this point could signal further bullish momentum towards $2,617. Conversely, if the price fails to sustain above $2,600, a downward movement could follow.
Key Levels:
Pivot Point: 2587
Resistance: 2599, 2617
Support: 2570, 2562, 2543
Trend Outlook:
Consolidation: 2580 - 2600
Bullish: Above 2579
Bearish: Below 2570
交易結束：目標達成
GOLDUPDATE
The price succeeded for the bullish trend and already broke the ATH now will drive to 2617 as long as trades above 2600
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。