GOLD 4H / Bullish Volume...
Gold Futures Rise as Long-Term Outlook Remains Positive
Technical Analysis: Gold
Current Outlook: Stabilization above 2428 means an uptrend toward 2450 due to the high bullish volume
Bullish Scenario:
Stability above 2428 could extend the bullish trend towards 2441 and breaking of 2442 will get 2450 and 2466
Bearish Scenario:
Stabilization below 2420 could support a decline to 2408 and should break 2397
Key Levels:
- Pivot Line: 2428
- Resistance Levels: 2441, 2450, 2466
- Support Levels: 2420, 2408, 2379
Today's Expected Trading Range is between 2420 and 2466
Tendency: Bullish trend above 2428 - 2420
previous idea:
Technical Analysis: Gold
Current Outlook: Stabilization above 2428 means an uptrend toward 2450 due to the high bullish volume
Bullish Scenario:
Stability above 2428 could extend the bullish trend towards 2441 and breaking of 2442 will get 2450 and 2466
Bearish Scenario:
Stabilization below 2420 could support a decline to 2408 and should break 2397
Key Levels:
- Pivot Line: 2428
- Resistance Levels: 2441, 2450, 2466
- Support Levels: 2420, 2408, 2379
Today's Expected Trading Range is between 2420 and 2466
Tendency: Bullish trend above 2428 - 2420
previous idea:
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