Gold FuturesShort
Gold 1 Futures ( GC1! ), H4 Potential for Bearish Continuation
Title: Gold 1 Futures ( GC1! ), H4 Potential for Bearish Continuation
Type: Bearish Continuation
Resistance: 57455
Pivot: 56476
Support: 55056
Preferred Case: Looking at the H4 chart, my overall bias for GC1! is bearish due to the current price crossing below the Ichimoku cloud, indicating a bearish market. Expecting the price to possibly drop towards the support at 55056, where the 50% Fibonacci line is.
Alternative scenario: Price may head back up towards the resistance at 57455, which is the overlap of the recent swing high.
Fundamentals: There is no major news.
Type: Bearish Continuation
Resistance: 57455
Pivot: 56476
Support: 55056
Preferred Case: Looking at the H4 chart, my overall bias for GC1! is bearish due to the current price crossing below the Ichimoku cloud, indicating a bearish market. Expecting the price to possibly drop towards the support at 55056, where the 50% Fibonacci line is.
Alternative scenario: Price may head back up towards the resistance at 57455, which is the overlap of the recent swing high.
Fundamentals: There is no major news.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.