Gold | Market Overview
The escalating conflict, particularly Israel’s attack on Iran, is significantly driving bullish momentum in the gold market. Should Iran respond, we may witness a continued rally toward new all-time highs.
As previously forecasted, gold successfully reached our target of 3431. A short-term correction toward this level is possible before the uptrend resumes. However, if the price manages to close a 1-hour candle above 3431, it will likely trigger a swift move toward 3500 and 3525.
• Pivot Level: 3431
• Resistance Levels: 3480, 3500, 3525
• Support Levels: 3404, 3376, 3366
The escalating conflict, particularly Israel’s attack on Iran, is significantly driving bullish momentum in the gold market. Should Iran respond, we may witness a continued rally toward new all-time highs.
As previously forecasted, gold successfully reached our target of 3431. A short-term correction toward this level is possible before the uptrend resumes. However, if the price manages to close a 1-hour candle above 3431, it will likely trigger a swift move toward 3500 and 3525.
• Pivot Level: 3431
• Resistance Levels: 3480, 3500, 3525
• Support Levels: 3404, 3376, 3366
Technical analyst focused on gold, indices, and forex.
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
More at: sroshmayi.com/
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
More at: sroshmayi.com/
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Technical analyst focused on gold, indices, and forex.
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
More at: sroshmayi.com/
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
More at: sroshmayi.com/
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.