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Early in the American session, gold is trading around 2,666 below the 21 SMA and above the 200 EMA.
Gold is approaching an important support located at 2,656. This level is key and decisive, since above it, we could expect a recovery of gold. Below it, the downtrend could even escalate and gold could reach 2/8 of Murray at 2,578.
If gold consolidates above 2,659 in the next few hours, any technical rebound will be seen as an opportunity to buy with targets at 2,691 and 2,695.
In turn, on the H4 chart, we observe that gold sharply broke the bullish trend channel. It suggests that in case there is a pullback towards 2,695, it will be seen as a signal to sell with short-term targets around 3/8 of Murray located at 2,617.
If gold consolidates above the psychological level of 2,700, the outlook could turn bullish again and the instrument could reach 2,734.
On the contrary, the outlook could turn bearish if gold trades below 2,650.
*এখানে পোস্ট করা মার্কেট বিশ্লেষণ আপনার সচেতনতা বৃদ্ধির জন্য প্রদান করা হয়, ট্রেড করার নির্দেশনা প্রদানের জন্য প্রদান করা হয় না।
ইন্সটাফরেক্স বিশ্লেষণমূলক পর্যালোচনাগুলো আপনাকে মার্কেট প্রবণতা সম্পর্কে পুরোপুরি সচেতন করবে! ইন্সটাফরেক্সের একজন গ্রাহক হওয়ায়, দক্ষ ট্রেডিং এর জন্য আপনাকে অনেক সেবা বিনামূল্যে প্রদান করা হয়।
