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Gold is trading around $4,271, rebounding after hitting a low of $4,250. This area represents strong support, and we could expect the price to recover in the coming hours, potentially reaching the 3/8 Murray level around $4,296 or even the 21 SMA around $4,315.
Recent trading has shown strong downward pressure on gold; however, we have also observed strong support on the H4 chart. Therefore, we believe a recovery could occur in the coming hours, so we will look for opportunities to buy from current price levels with a stop-loss below the low on the H4 chart and with targets up to the upper band of the uptrend channel at $4,335.
We believe that gold could rebound in the coming hours and even during Friday's US trading session. Therefore, from a technical perspective, we will look for opportunities to buy above $4,270, with targets at $4,300 and $4,335.
A potential area to open short positions could be if the price reaches $4,315 or $4,335; both levels could offer strong resistance and could be seen as an opportunity to open short positions.
The Eagle indicator has reached overbought levels; therefore, after a technical rebound, we should look to sell when strong resistance levels are reached.
*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।
