GOLD 4H / Gold Futures Rise Amid Positive Long-Term Outlook

8월 8일

Gold Futures Rise as Long-Term Outlook Remains Positive

Technical Analysis: Gold

Current Outlook: It tries to reach 2420, and the price will consolidate between 2397 and 2420,

Bullish Scenario:
Stability above 2397 could extend the bullish trend towards 2420 and breaking of 2420 will get 2428 and 2466

Bearish Scenario: Stabilization below 2420 could support a decline to 2408 and should break 2397 to be downward till 2387.

Key Levels:
- Pivot Line: 2408
- Resistance Levels: 2420, 2428, 2450
- Support Levels: 2397, 2387, 2378

Today's Expected Trading Range is between 2397 and 2450

Tendency: Bullish trend Volume with some correction.