Gold Price Analysis: Key Levels and Potential Movements

20 нояб.

Gold Technical Analysis

The price has approached a key resistance level of around 26,412 before retreating. A further decline is anticipated, potentially reaching 26,212. If a 4-hour or 1-hour candle closes below this level, the price may continue to drop, targeting 25,888.

Conversely, if the price reverses and stabilizes above 26,444, it would signal a bullish trend, with potential upside movement toward 26,777.

Key Levels:
Pivot Point: 2625
Support Levels: 2612, 2588, 2558
Resistance Levels: 2644, 2660, 2677

Trend Outlook:
- Bearish by stability below 2625 and 2612
- Bullish above 2644

20 нояб.

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The price has approached a key resistance level of around 26,12 before retreating. A further decline is anticipated, potentially reaching 26,12. If a 4-hour or 1-hour candle closes below this level, the price may continue to drop, targeting 25,88.

Conversely, if the price reverses and stabilizes above 26,44, it would signal a bullish trend, with potential upside movement toward 26,77.