Gold Hits $2,600 High; Bullish Momentum in Question

Güncellendi
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
İşlem kapandı: hedefe ulaştı
GOLD
UPDATE

The price succeeded for the bullish trend and already broke the ATH now will drive to 2617 as long as trades above 2600
Supply and DemandSupport and ResistanceTrend Analysis

my free signals channel telegram

t.me/Srosh_signals

~6 analyses per day. With a clear entry point
more than 1000 pip per week —— Accuracy +88%

SM World and Economy News 24/7
Urgent News ⚡️:

t.me/SM_News_24h
Aynı zamanda::

İlgili yayınlar

Feragatname