GOLD/ NEW HIGH LEVEL FOR THIS WEEK?
Gold prices fell nearly 1% on Monday after rising to an all-time high in the previous session, as the U.S. dollar strengthened on mounting fears of a global trade war following U.S. President Donald Trump’s sweeping tariff measures.
The price has rebounded from the support level at 2782 on the 4H timeframe, indicating potential upward movement. If the price continues to hold above this level, further bullish momentum is expected, leading to a rise toward 2812. A break above this level may result in an extension of the uptrend toward the highest resistance at 2840.
In contrast, a potential downturn would require strong bearish pressure or a decisive correction below 2782. If this happens, a confirmed downtrend would begin with a drop below 2757, followed by further downside movement toward 2732.
Tendency Keys: 2812
Resistance Line: 2812, 2840.
Support Line: 2782, 2757, 2732
The price has rebounded from the support level at 2782 on the 4H timeframe, indicating potential upward movement. If the price continues to hold above this level, further bullish momentum is expected, leading to a rise toward 2812. A break above this level may result in an extension of the uptrend toward the highest resistance at 2840.
In contrast, a potential downturn would require strong bearish pressure or a decisive correction below 2782. If this happens, a confirmed downtrend would begin with a drop below 2757, followed by further downside movement toward 2732.
Tendency Keys: 2812
Resistance Line: 2812, 2840.
Support Line: 2782, 2757, 2732
Transaction en cours
The price increased as anticipated, reaching a new high of 2830. Currently, the market is undergoing a correction toward 2811, a key support level. From this point, the price is expected to resume its upward momentum, aligning with the prevailing bullish trend, and potentially achieve a new high.
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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
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.