Gold Intraday Analysis: (READ DESCRIPTION)
Gold Intraday Analysis: Further Advance Expected
Pivot Point: 2611.00
Primary Strategy (Our Preference):
Entry Point: Consider initiating long positions above the pivot level of 2611.00.
Target Levels: The first upside target is set at 2645.00, which represents a significant resistance level. If momentum sustains, anticipate an extension towards 2653.00, where further resistance and potential profit-taking may occur.
Alternative Scenario:
Entry Point: If the price falls below 2611.00, it could signal potential downside pressure.
Target Levels: In this case, the first downside target would be 2602.00, a near-term support level. If bearish momentum continues, expect a further drop towards 2592.00, a stronger support zone.
Technical Outlook:
RSI Analysis: The RSI is currently bullish, indicating the potential for continued upward momentum. This supports the primary strategy of long positions.
Market Sentiment: As long as the price remains above the pivot point of 2611.00, the outlook favors a bullish scenario. However, a break below this level could lead to a bearish shift, warranting caution.
Pivot Point: 2611.00
Primary Strategy (Our Preference):
Entry Point: Consider initiating long positions above the pivot level of 2611.00.
Target Levels: The first upside target is set at 2645.00, which represents a significant resistance level. If momentum sustains, anticipate an extension towards 2653.00, where further resistance and potential profit-taking may occur.
Alternative Scenario:
Entry Point: If the price falls below 2611.00, it could signal potential downside pressure.
Target Levels: In this case, the first downside target would be 2602.00, a near-term support level. If bearish momentum continues, expect a further drop towards 2592.00, a stronger support zone.
Technical Outlook:
RSI Analysis: The RSI is currently bullish, indicating the potential for continued upward momentum. This supports the primary strategy of long positions.
Market Sentiment: As long as the price remains above the pivot point of 2611.00, the outlook favors a bullish scenario. However, a break below this level could lead to a bearish shift, warranting caution.
Отказ от ответственности
Все виды контента, которые вы можете увидеть на TradingView, не являются финансовыми, инвестиционными, торговыми или любыми другими рекомендациями. Мы не предоставляем советы по покупке и продаже активов. Подробнее — в Условиях использования TradingView.