GOLD at Critical Resistance Level
The price has steadily risen and is now trading near the significant resistance level of 2787. A decisive break above this resistance, especially with a 4-hour candle closing above it, would confirm the continuation of the bullish trend. Such a breakout would signal strong buying momentum, paving the way for the price to reach the next target at 2816, a new high level. This scenario reflects a continuation of the current upward movement, indicating sustained bullish sentiment in the market.
On the other hand, if the price fails to break through 2787 and reverses downward, it may signal a shift in momentum. A stabilization and subsequent 4-hour candle close below the 2757 level would indicate the beginning of a bearish trend. In this case, the price could face increased selling pressure and head toward lower support levels, with the initial targets being 2732 and 2697. This bearish scenario would become more pronounced if the price continues to trade and stabilize below 2757, confirming a reversal from the recent highs.
Tendency Keys: 2757
Resistance Line: 2787, 2816
Support Line: 2732, 2696, 2666
On the other hand, if the price fails to break through 2787 and reverses downward, it may signal a shift in momentum. A stabilization and subsequent 4-hour candle close below the 2757 level would indicate the beginning of a bearish trend. In this case, the price could face increased selling pressure and head toward lower support levels, with the initial targets being 2732 and 2697. This bearish scenario would become more pronounced if the price continues to trade and stabilize below 2757, confirming a reversal from the recent highs.
Tendency Keys: 2757
Resistance Line: 2787, 2816
Support Line: 2732, 2696, 2666
about 4 Analysis per day.
With Clear entry point and target line with stopout zone
~900 pips per week —— Accuracy more than 88%
with best learning
Be Stronger With us
THANKS for your support
With Clear entry point and target line with stopout zone
~900 pips per week —— Accuracy more than 88%
with best learning
Be Stronger With us
THANKS for your support
Wyłączenie odpowiedzialności
Informacje i publikacje przygotowane przez TradingView lub jego użytkowników, prezentowane na tej stronie, nie stanowią rekomendacji ani porad handlowych, inwestycyjnych i finansowych i nie powinny być w ten sposób traktowane ani wykorzystywane. Więcej informacji na ten temat znajdziesz w naszym Regulaminie.
about 4 Analysis per day.
With Clear entry point and target line with stopout zone
~900 pips per week —— Accuracy more than 88%
with best learning
Be Stronger With us
THANKS for your support
With Clear entry point and target line with stopout zone
~900 pips per week —— Accuracy more than 88%
with best learning
Be Stronger With us
THANKS for your support
Wyłączenie odpowiedzialności
Informacje i publikacje przygotowane przez TradingView lub jego użytkowników, prezentowane na tej stronie, nie stanowią rekomendacji ani porad handlowych, inwestycyjnych i finansowych i nie powinny być w ten sposób traktowane ani wykorzystywane. Więcej informacji na ten temat znajdziesz w naszym Regulaminie.