GOLD/ Bullish correction to 2612

11월 18일

GOLD
Technical Analysis

The price will touch 2612 to do the bullish correction and then should break 2612 by closing 4h candle above it to be a bullish trend till 2625

Bearish Scenario:
The price may retest the resistance levels at 2612 before resuming its decline. A drop is expected towards 2588, and if this level is breached, the downward momentum could extend to 2558.

Bullish Scenario:
To confirm a bullish reversal, the price must decisively break above 2612. This breakout could pave the way for an upward move targeting 2625.

Key Levels:
Pivot Point: 2588
Support Levels: 2612, 2625, 2644
Resistance Levels: 2576, 2558, 2526

Trend Outlook:
- Bearish by stability below 2588 and 2558
- Bullish Correction till 2612