[Gold]
Considering both EMAs are forming a Golden Cross and the RSI is in the Extreme Bullish level, buyers are expected to dominate Gold throughout today.
Key Levels
1. Resistance. 2 : 4381.54
2. Resistance. 1 : 4359.96
3. Pivot : 4334.45
4. Support. 1 : 4312.87
5. Support. 2 : 4287.36
Tactical Scenario:
Positive Reaction Zone: If Gold rises above 4359.96, it has the potential to test the level at 4381.54.
Momentum Extension Bias: If 4381.54 is broken, there is potential for further strength towards 4407.05.
Invalidation Level / Bias Revision:
The upside bias weakens if Gold declines and breaks below 4287.36.
EMA(50) : 4344.38
EMA(200): 4323.00
RSI(14) : 77.16
Economic News Release Agenda:
Today, there are no economic data releases scheduled for when the U.S. session opens tonight.
