Gold, Technical Analysis – H4
Gold continued its decline as expected and remains challenged by the absence of solid supports.
Gold continued its decline as expected and remains challenged by the absence of solid support levels. Demand — particularly from short-covering and profit-taking — could be met in the $4,050 zone, which the price may reach after first testing the pivot level at $4,175.
Key Levels:
□ $4,175 (pivot)
□ $4,050 (support)
Primary Scenario:
Retracement to $4,175, followed by a decline toward $4,050.
Alternative Scenario:
Direct decline toward $4,050 from current levels.
Analyst Commentary:
A clear and unambiguous bearish trend. Avoid long positions.
Nikolai Krishtopov es analista de mercado en Investizo, con más de 15 años de experiencia en el sector de los mercados financieros y más de una década de experiencia operando. Sus áreas de interés incluyen los mercados de forex y criptomonedas, el análisis técnico, el trading intradía y el comportamiento del mercado.