empty
 
 
16.03.2026 08:44 AM
With the appearance of a Hidden Bearish Divergence on Gold, the potential for its weakening is wide open

[Gold]

If we observe that the RSI is forming a Hidden Bearish Divergence pattern and the two EMAs are crossing the Death Cross, then there is a high probability that gold will weaken today to its nearest support level.

Key Levels

1. Resistance. 2 : 5170.45

2. Resistance. 1 : 5094.41

3. Pivot : 5051.83

4. Support. 1 : 4975.79

5. Support. 2 : 4933.21

Tactical Scenario

Pressure Zone: If Gold breaks down and closes below 4975.79, there is potential pressure toward 4933.21.

Momentum Extension Bias: If 4933.21 is broken to the downside, Gold could continue weakening to 4857.17.

Invalidation Level / Bias Revision

The downside bias is restrained if Gold strengthens and breaks above 5170.45.

Technical Summary

EMA(50) : 5067.59

EMA(200): 5124.04

RSI(14) : 33.75

Economic News Release Agenda:

From the United States, the following economic data will be released:

US - Empire State Manufacturing Index - 19:30 WIB

US - Capacity Utilization Rate - 20:15 WIB

US - Industrial Production m/m - 20:15 WIB

US - NAHB Housing Market Index - 21:00 WIB

This image is no longer relevant

Summary
Urgency
Analytic
Arief Makmur
Start trade
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $8000 more!
    In March we raffle $8000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback