Gold Futures (GC1!) H4 I Falling toward an Overlap Support

Gold Futures (GC1!) H4 I Falling toward an Overlap Support

Type:

Bullish Bounce

Key Levels:

Resistance: 3,430.50

Pivot: 3,166.30

Support: 2,973.60

Preferred Case:

Looking at the H4 chart, the price could fall toward the Pivot and potentially stabilize around this level before rising toward the 1st Resistance at 3,430.50.

Alternative Scenario:

Price may break below the Pivot at 3,166.30 and fall toward the 1st Support at 2,973.60.

Disclaimer: The material provided is for information purposes only and should not be considered as investment