Gold Futures (GC1!) H4 | Bearish Momentum?
Type:
Bearish Reversal
Key Levels:
Resistance: 2,799
Pivot: 2.765.8
Support: 2,729.2
Preferred Case:
Looking at the H4 chart, the price is rising towards a pullback resistance where it could stabilize once again to make a bearish reaction towards the 1st Supoprt at 2729.2./
Alternative Scenario:
Price may break above the Pivot at 2765.8 and rise towards the 1st Resistance at 2799
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Desmond Leong runs an award-winning research firm (The Technical Analyst finalists 2018/19/20 for Best FX and Equity Research) advising banks, brokers and hedge funds. Backed by a team of CFA, CMT, CFTe accredited traders, he takes on the market daily using a combination of technical and fundamental analysis.