Gold Technical Analysis
Gold extended gains on Friday as the U.S. dollar eased from two-month highs, fueled by rising expectations of a November Fed rate cut. Investors now await the Fed's key inflation gauge for guidance.
The price is above 2538 and in a bullish trend toward 2,650. If it reaches and breaks above this level, it is likely to rise further to reach 2,661.
For a bearish trend to develop, stability below 2,538 is required, with a potential target of 2,624. A break below 2,624, particularly with a 4-hour candle closing below this level, would confirm the bearish trend and could lead to a decline toward 2,515.
Key Levels:
Pivot Point: 2624
Resistance Levels: 2651, 2661, 2670.
Support Levels: 2638, 2624, 2615
Trend:
Bearish below 2624
Bullish above 2,638
Gold extended gains on Friday as the U.S. dollar eased from two-month highs, fueled by rising expectations of a November Fed rate cut. Investors now await the Fed's key inflation gauge for guidance.
The price is above 2538 and in a bullish trend toward 2,650. If it reaches and breaks above this level, it is likely to rise further to reach 2,661.
For a bearish trend to develop, stability below 2,538 is required, with a potential target of 2,624. A break below 2,624, particularly with a 4-hour candle closing below this level, would confirm the bearish trend and could lead to a decline toward 2,515.
Key Levels:
Pivot Point: 2624
Resistance Levels: 2651, 2661, 2670.
Support Levels: 2638, 2624, 2615
Trend:
Bearish below 2624
Bullish above 2,638
İşlem kapandı: hedefe ulaştı
The price has risen as anticipated, reaching the target of 2651 and touching 2661.Currently, the price is trading above 2651. If it can break above 2661, the uptrend is likely to continue towards 2670, with the final resistance at 2680.
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/
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
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/
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.