GOLD/ Continues To Break Support Levels

9 באוק׳

Gold

The price dropped about $50 from 2652 as we mentioned yesterday,

However, the direction for today still remains bearish as long as trades under 2624 to get 2588.
Also, there is a possibility to retest till 2624 and then start a bearish trend.

In general closing 1h candle under 2615 will get 2604 and 2587
Any reversing to stabilize above 2624 will get 2638

Key levels
Pivot line: 2615
Support lines: 2604, 2587, 2566
Resistance lines: 2624, 2638, 247

Trend outlook:
Bearish while under 2624

9 באוק׳

עסקה סגורה: היעד הושג

GOLD
Live update

The price dropped as we mentioned after the retest till 2622.

we got over 150 pip and still running to get 2587 especially if can stabilized under 2608 and 2607.

however, the price will move between 2607 and 2624 till breaking with a bearish direction while under 2624

timeframe 4h, 1h, 15min