GOLD looks bearish..
Technical Analysis:
On the 4-hour timeframe, there’s a supply zone between $2,490 and $2,480.
The primary scenario is bearish, but if the price breaks above $2,520, that scenario would be invalidated.
Immediate resistance levels are $2,512 to $2,516, while support lies around $2,491 to $2,480.
A potential resistance area is $2,524 to $2,528.
The swing range is roughly $2,480 to $2,465.
Bearish Signals:
The gold up-move appears over-extended, which could indicate weakness.
Keep an eye on the $2,170 level as a potential target if the bearish setup continues.
On the 4-hour timeframe, there’s a supply zone between $2,490 and $2,480.
The primary scenario is bearish, but if the price breaks above $2,520, that scenario would be invalidated.
Immediate resistance levels are $2,512 to $2,516, while support lies around $2,491 to $2,480.
A potential resistance area is $2,524 to $2,528.
The swing range is roughly $2,480 to $2,465.
Bearish Signals:
The gold up-move appears over-extended, which could indicate weakness.
Keep an eye on the $2,170 level as a potential target if the bearish setup continues.
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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.