Gold Futures (GC1!) H4 | Potential Bullish Bounce?
Type:
Bullish Bounce
Key Levels:
Resistance: 2,767.30
Pivot: 2,728.50
Support: 2,695.10
Preferred Case:
Looking at the H4 chart, the price is falling towards a multi-swing-low support where it could stabilize once again to make a bullish bounce towards the 1st Resistance at 2,767.30.
Alternative Scenario:
Price may break below the Pivot at 2,728.50 and fall towards the 1st Support at 2,695.10
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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.