GOLD - 4H (CONSOLIDATION 2038 - 2020)

GOLD forecast


So, there we have strong resistance in 2050 and a strong support zone between 2020 and 2007,
which means there we have two scenarios

first, the price moves between 2036 and 2020 to break one side above 2036 and will reach 2050

the second scenario stabilizing under 2020 automatically will drop to touch 2007 and below it will start the bearish trend for the next week


Be careful stabilizing above 2050 by closing the 4h candles, which will make a new bullish zone to reach 2088 and 2120,

Pivot Price: 2036
Resistance Price: 2049 & 2088 & 2100
Support price: 2020 & 2007 & 1995

The movement range will be between 2050 and 2007

İşlem kapandı: hedefe ulaştı:

İşlem aktif:

Gold recorded a new peak in history which is 2146, and was rejected easily
So, for this week we have strong resistance in 2007 because stabilized under it now the route toward reaching 1985 and 1961
and a strong support zone in 1961,

the scenario is a Downtrend to reaching 1961 for the next week by stabilizing under 2007

Be careful stabilizing above 2020 by closing the 4h candles, which will make a new bullish zone to reach 2050

Pivot Price: 2007
Resistance Price: 2020 & 2037 & 2050
Support price: 1985 & 1961 & 1933

The movement range will be between 2020 and 1961

Yorum:

GOLD update


So, now still running at the bearish trend as long as trades under 1995 and 2007 to getting 1962

the scenario is a Downtrend to reach 1961

Be careful stabilizing above 2007 by closing the 4h candles, which will make a new bullish zone to reach 2050

Pivot Price: 1995
Resistance Price: 2007 & 2020 & 2037
Support price: 1961 & 1950 & 1933

The movement range will be between 2007 and 1961