ANALYSIS GOLD 21/06/2024
Overview
The chart shows a detailed technical analysis of gold prices using various technical indicators such as Fibonacci retracement levels, volume, and VWAP (Volume Weighted Average Price).
The price is currently at $2,361.87.
Key Levels
Support Levels:
$2,297.27: This is a key support level as indicated by the Fibonacci retracement (0.786 level).
$2,264.04: Another support level derived from the historical price action.
$2,188.59: Significant lower support, indicated by the Fibonacci extension level (1.618 level).
Resistance Levels:
$2,386.95: Immediate resistance, highlighted by the 0.618 Fibonacci retracement level.
$2,434.94: Next significant resistance level based on the 2.618 Fibonacci extension.
$2,445.00: Further resistance level, marking the 2.618 Fibonacci extension from another pivot point.
Technical Indicators
VWAP (Weekly): The VWAP bands are shown, indicating significant levels for institutional trading and average price.
Volume: There is notable volume activity, with some spikes indicating strong buying or selling pressure.
Trendlines
Green Dashed Lines: Representing potential channels and trendlines that could guide the price movement in the coming days.
White Dashed Lines: Indicate projected movements, either bullish or bearish scenarios based on current patterns.
Price Projections
Bullish Scenario:
A potential upward movement is indicated, possibly reaching up to $2,434.94 or $2,445.00 if the price breaks above the immediate resistance at $2,386.95.
The trendlines suggest a channel that might take the price towards these higher levels.
Bearish Scenario:
If the price fails to hold above $2,361.87, it might retest the support at $2,297.27.
Further downside could see the price moving towards $2,264.04 or even $2,188.59 in an extended bearish trend.
Conclusion
The price of gold is currently at a critical juncture, near the $2,361.87 mark.
A breakout above $2,386.95 could signal a bullish run towards $2,434.94 and beyond.
Conversely, a breakdown below $2,361.87 could see the price testing lower support levels, with significant support at $2,297.27 and $2,264.04.
The volume and VWAP levels should be closely monitored for further confirmation of these movements.
The chart shows a detailed technical analysis of gold prices using various technical indicators such as Fibonacci retracement levels, volume, and VWAP (Volume Weighted Average Price).
The price is currently at $2,361.87.
Key Levels
Support Levels:
$2,297.27: This is a key support level as indicated by the Fibonacci retracement (0.786 level).
$2,264.04: Another support level derived from the historical price action.
$2,188.59: Significant lower support, indicated by the Fibonacci extension level (1.618 level).
Resistance Levels:
$2,386.95: Immediate resistance, highlighted by the 0.618 Fibonacci retracement level.
$2,434.94: Next significant resistance level based on the 2.618 Fibonacci extension.
$2,445.00: Further resistance level, marking the 2.618 Fibonacci extension from another pivot point.
Technical Indicators
VWAP (Weekly): The VWAP bands are shown, indicating significant levels for institutional trading and average price.
Volume: There is notable volume activity, with some spikes indicating strong buying or selling pressure.
Trendlines
Green Dashed Lines: Representing potential channels and trendlines that could guide the price movement in the coming days.
White Dashed Lines: Indicate projected movements, either bullish or bearish scenarios based on current patterns.
Price Projections
Bullish Scenario:
A potential upward movement is indicated, possibly reaching up to $2,434.94 or $2,445.00 if the price breaks above the immediate resistance at $2,386.95.
The trendlines suggest a channel that might take the price towards these higher levels.
Bearish Scenario:
If the price fails to hold above $2,361.87, it might retest the support at $2,297.27.
Further downside could see the price moving towards $2,264.04 or even $2,188.59 in an extended bearish trend.
Conclusion
The price of gold is currently at a critical juncture, near the $2,361.87 mark.
A breakout above $2,386.95 could signal a bullish run towards $2,434.94 and beyond.
Conversely, a breakdown below $2,361.87 could see the price testing lower support levels, with significant support at $2,297.27 and $2,264.04.
The volume and VWAP levels should be closely monitored for further confirmation of these movements.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.