GOLD / Bearish Continuation
GOLD Analyze
The price dropped and still running to touch 2712 and then should break 2706 will touch the next support station 2695.
The direction will consolidate between 2729 and 2712 till breaking
Bearish trend: should stabilize under 2721 to drop quickly, but if closed below 2729 means will drop gradually with some retest toward 2738
Bullish Trend: Gold should stabilize above 2732 to get 2738 and then should close the 4h candle above 2738 means will be bullish toward 2748 and 2758
Key Levels:
Pivot Point: 2721
Resistance Levels: 2732, 2740, 2758
Support Levels: 2712, 2697, 2685
Trend Outlook:
Bearish while under 2721
The price dropped and still running to touch 2712 and then should break 2706 will touch the next support station 2695.
The direction will consolidate between 2729 and 2712 till breaking
Bearish trend: should stabilize under 2721 to drop quickly, but if closed below 2729 means will drop gradually with some retest toward 2738
Bullish Trend: Gold should stabilize above 2732 to get 2738 and then should close the 4h candle above 2738 means will be bullish toward 2748 and 2758
Key Levels:
Pivot Point: 2721
Resistance Levels: 2732, 2740, 2758
Support Levels: 2712, 2697, 2685
Trend Outlook:
Bearish while under 2721
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