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GOLD
Bulls have once again set a new high and marked a new historical peak (2,222.42), but during the same period last week, they only managed to close with a long upper shadow, losing support for the daily short-term trend (2,184.02). Given the current situation, bullish players now need to exert considerable effort to regain their positions.
Conversely, if bears strengthen their sentiments and manage to confirm the recent achievements, market attention will shift towards the liquidation of the daily golden cross, with the next levels currently situated at 2,141.59 - 2,116.63 - 2,091.66. Daily levels are supported by weekly levels at 2,103.09 and 2,064.27. Interaction within this support zone will determine further potential market developments.
H4 - H1
On lower timeframes, the market is currently fighting for possession of the weekly long-term trend (2,167.60). This level is responsible for the current balance of power. Trading above the trend ensures the presence of the main advantage. At the time of analysis, bulls hold the main advantage. The bullish benchmarks for continuing the ascent within the day today will be the resistances of classic pivot points (2,181.40 - 2,197.95 - 2,210.33).
If the bulls lose support at key levels 2,169.04 - 2,167.60 (central pivot point of the day + weekly long-term trend), then attention and the balance of power will shift to the bears' side. Bearish sentiments can be strengthened today by passing through the supports of classic pivot points (2,152.49 - 2,140.13 - 2,123.58).
The technical analysis of the situation uses:
Higher timeframes - Ichimoku Kinko Hyo (9.26.52) + Fibonacci Kijun levels
H1 - Pivot Points (classic) + Moving Average 120 (weekly long-term trend)
*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।
