GOLD / Reversed to Upward, or yet!
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GOLD
Technical Analysis
The price has moved upward, and a break above 2612 would signal the continuation of the bullish trend toward 2644. Should the price surpass 2644 with a confirmed 4-hour or 1-hour candle close above, it is likely to advance further to 2660 and 2677. Beyond these levels, a bearish trend could emerge if the price stabilizes below them.
The bearish zone will be activated if the price breaks below 2612, confirmed by a 4-hour candle close beneath this level.
Key levels:
Pivot Point: 2634
Support Levels: 2625, 2612, 2588
Resistance Levels: 2644, 2660, 2677
Trend Outlook:
- Bearish by stability below 2612
- Bullish while above 2612
Technical Analysis
The price has moved upward, and a break above 2612 would signal the continuation of the bullish trend toward 2644. Should the price surpass 2644 with a confirmed 4-hour or 1-hour candle close above, it is likely to advance further to 2660 and 2677. Beyond these levels, a bearish trend could emerge if the price stabilizes below them.
The bearish zone will be activated if the price breaks below 2612, confirmed by a 4-hour candle close beneath this level.
Key levels:
Pivot Point: 2634
Support Levels: 2625, 2612, 2588
Resistance Levels: 2644, 2660, 2677
Trend Outlook:
- Bearish by stability below 2612
- Bullish while above 2612
Trade ist aktiv
Gold
Live Update
The price is expected to reach 2,661 and 2,675, as it has already stabilized in the bullish zone with a 4-hour candle close supported by volume.
➡️The bullish trend is activated above 2,644, targeting 2,661 and 2,674.🔼
➡️A move below 2,643 would shift the bias toward the bearish zone, with a potential downside to 2,625.
Pivot line: 2644
Resistance: 2661 and 2674
Support: 2625
Timeframe 4h
Current Price 2650
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~6 analyses per day. With a clear entry point
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SM World and Economy News 24/7
Urgent News ⚡️:
t.me/SM_News_24h
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