GOLD looks bearish..
Technical Analysis:
On the 4-hour timeframe, there’s a supply zone between $2,490 and $2,480.
The primary scenario is bearish, but if the price breaks above $2,520, that scenario would be invalidated.
Immediate resistance levels are $2,512 to $2,516, while support lies around $2,491 to $2,480.
A potential resistance area is $2,524 to $2,528.
The swing range is roughly $2,480 to $2,465.
Bearish Signals:
The gold up-move appears over-extended, which could indicate weakness.
Keep an eye on the $2,170 level as a potential target if the bearish setup continues.
On the 4-hour timeframe, there’s a supply zone between $2,490 and $2,480.
The primary scenario is bearish, but if the price breaks above $2,520, that scenario would be invalidated.
Immediate resistance levels are $2,512 to $2,516, while support lies around $2,491 to $2,480.
A potential resistance area is $2,524 to $2,528.
The swing range is roughly $2,480 to $2,465.
Bearish Signals:
The gold up-move appears over-extended, which could indicate weakness.
Keep an eye on the $2,170 level as a potential target if the bearish setup continues.
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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.
My FREE Telegram Channel:
t.me/EaglePipsPro1
t.me/EaglePipsPro1
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.