Gold Futures (GC1!) H4 | Bullish Bounce off?
Type:
Bullish Reversal
Key Levels:
Resistance: 2713.8
Pivot: 2662.5
Support: 2619.3
Preferred Case:
Looking at the H4 chart, the price has just bounced off the pivot and rise toward a pullback resistance at 2731.8
Alternative Scenario:
Price may break below the Pivot at 2662.5 and fall towards the 1st support at 2619.3
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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.