Technical Analysis of Gold
The price dropped from its resistance line around 2361 and has already reached the support line at 2344.
Now, the price is likely to attempt to reach 2354 and 2361, given the bullish volume stability in the current 4-hour candle. However, if a 4-hour or 1-hour candle closes below 2344, the price is expected to drop to 2327. Stability above 2344 will support a rise towards 2354 and 2361.
The price dropped from its resistance line around 2361 and has already reached the support line at 2344.
Now, the price is likely to attempt to reach 2354 and 2361, given the bullish volume stability in the current 4-hour candle. However, if a 4-hour or 1-hour candle closes below 2344, the price is expected to drop to 2327. Stability above 2344 will support a rise towards 2354 and 2361.
- Pivot Price: 2344
- Resistance Levels: 2354, 2369, 2388
- Support Levels:** 2327, 2318, 2304
Today's anticipated trading range is between the support level at 2327 and the resistance level at 2369.
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more than 1000 pip per week —— Accuracy +88%
SM World and Economy News 24/7
Urgent News ⚡️:
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