Today NFP Analysis Gold sell
Key Observations:
1. Resistance at ~2,912
Price is currently testing a resistance zone around 2,912.
There is a potential rejection from this level, as indicated by the red arrow, suggesting a possible pullback.
2. Support at ~2,880-2,869
A key support level is highlighted around 2,880-2,869.
If price breaks below 2,880, further downside pressure could push it towards 2,860 or lower.
3. Bearish Expectation:
If price struggles to break above 2,912, a double-top or lower high pattern could form, leading to a downward move.
Confirmation of bearish momentum will come if the price falls below 2,880, targeting the 2,860-2,850 range.
4. Bullish Counter-Scenario:
If the price holds above 2,880 and bounces, bulls may attempt to retest 2,912 and beyond.
A break above 2,920 could invalidate the bearish outlook, leading to further upside potential.
1. Resistance at ~2,912
Price is currently testing a resistance zone around 2,912.
There is a potential rejection from this level, as indicated by the red arrow, suggesting a possible pullback.
2. Support at ~2,880-2,869
A key support level is highlighted around 2,880-2,869.
If price breaks below 2,880, further downside pressure could push it towards 2,860 or lower.
3. Bearish Expectation:
If price struggles to break above 2,912, a double-top or lower high pattern could form, leading to a downward move.
Confirmation of bearish momentum will come if the price falls below 2,880, targeting the 2,860-2,850 range.
4. Bullish Counter-Scenario:
If the price holds above 2,880 and bounces, bulls may attempt to retest 2,912 and beyond.
A break above 2,920 could invalidate the bearish outlook, leading to further upside potential.
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Trade XAU/USD with expert signals Join World Expert Trading for reliable, profitable Gold trading insights Start now [t.me/WorldExpertTrading1]
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.