GOLD - Potential Consolidation Between 2420 and 2397
Gold Price Analysis: Potential Consolidation Between $2,420 and $2,397
Last week, gold prices dropped approximately $90 from their all-time high of $2,484.
Current Outlook:
Today, gold is expected to trade between 2420 and 2397, indicating a consolidation phase until a breakout occurs.
Bullish Scenario:
If gold attempts to reach 2416 or 2420 and breaks above 2420, it could trend upwards towards 2428 and 2440.
Bearish Scenario:
Trading below 2420 suggests a potential drop to 2397. A break below 2397 could lead to further declines to 2378 and 2356.
Key Levels:
- Pivot Line: 2,408
- Resistance Levels: 2416, 2420, 2428
- Support Levels: 2397, 2378, 2356
Today's Expected Range:
Gold is anticipated to fluctuate between support at 2378 and resistance at 2420, with a bearish bias.
Last week, gold prices dropped approximately $90 from their all-time high of $2,484.
Current Outlook:
Today, gold is expected to trade between 2420 and 2397, indicating a consolidation phase until a breakout occurs.
Bullish Scenario:
If gold attempts to reach 2416 or 2420 and breaks above 2420, it could trend upwards towards 2428 and 2440.
Bearish Scenario:
Trading below 2420 suggests a potential drop to 2397. A break below 2397 could lead to further declines to 2378 and 2356.
Key Levels:
- Pivot Line: 2,408
- Resistance Levels: 2416, 2420, 2428
- Support Levels: 2397, 2378, 2356
Today's Expected Range:
Gold is anticipated to fluctuate between support at 2378 and resistance at 2420, with a bearish bias.
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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 ⚡️:
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my free signals channel telegram
t.me/Srosh_signals
~6 analyses per day. With a clear entry point
more than 1000 pip per week —— Accuracy +88%
SM World and Economy News 24/7
Urgent News ⚡️:
t.me/SM_News_24h
t.me/Srosh_signals
~6 analyses per day. With a clear entry point
more than 1000 pip per week —— Accuracy +88%
SM World and Economy News 24/7
Urgent News ⚡️:
t.me/SM_News_24h
Publications connexes
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.