We got our support test yesterday, and now we're seeing another push higher into the upper levels.
The first resistance to watch is 4493. A break and hold above this level could open the path toward 4570, which remains our key long-term resistance target.
However, price remains below both moving averages, and they may continue to act as dynamic resistance on the way up. Bulls will need to reclaim these levels to build momentum toward the higher targets.
If price fails to break above 4493, another retest of the support zone becomes likely. A failure to hold that support area could trigger a deeper pullback into the secondary support zone.
📌Key levels to watch:
resistance:
4493
4570
Support:
4439
4387
4357
4263
👉Patience is key here. The next move will likely be determined by how price reacts around 4493.
The first resistance to watch is 4493. A break and hold above this level could open the path toward 4570, which remains our key long-term resistance target.
However, price remains below both moving averages, and they may continue to act as dynamic resistance on the way up. Bulls will need to reclaim these levels to build momentum toward the higher targets.
If price fails to break above 4493, another retest of the support zone becomes likely. A failure to hold that support area could trigger a deeper pullback into the secondary support zone.
📌Key levels to watch:
resistance:
4493
4570
Support:
4439
4387
4357
4263
👉Patience is key here. The next move will likely be determined by how price reacts around 4493.
Trade ist aktiv
Anmerkung
First target 4493 reached.
Anmerkung
We saw a rejection from 4493, and today's news sent gold off a cliff, with price dropping sharply into the secondary support zone.We'll be back on Sunday with updated trading zones and fresh analysis for the week ahead.
Trade wurde manuell geschlossen
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👉 t.me/azgoldtrader
📊Weekly & Monthly performance reports posted for full transparency.
💎VIP Access: Daily Intraday Custom Levels, live trades & trade management.
👉 t.me/azgoldtrader
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🟡 Free Telegram: t.me/SheTradesGold1
📊Weekly & Monthly performance reports posted for full transparency.
💎VIP Access: Daily Intraday Custom Levels, live trades & trade management.
👉 t.me/azgoldtrader
📊Weekly & Monthly performance reports posted for full transparency.
💎VIP Access: Daily Intraday Custom Levels, live trades & trade management.
👉 t.me/azgoldtrader
Verbundene Veröffentlichungen
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.