Gold Futures: Bearish Momentum Persists Below Key Level of 2508
Gold Futures Technical Analysis
Current Outlook: The price has dropped from its all-time high (ATH) and has reached our previously mentioned targets perfectly.
The downward momentum continues toward 2475, as long as the price remains below 2526 and 2509.
Especially if can stabilized under 2501
If the price remains above 2508, the bullish trend is expected to persist, targeting 2516 and 2526.
Key Levels:
Pivot Line: 2500
Resistance Levels: 2509, 2516, 2526
Support Levels: 2484, 2475, 2466
Expected Trading Range Today: The price is expected to fluctuate between 2475 and 2526.
Trend: Bearish side as long as trades under 2508.
PREVIOUS IDEA:
Current Outlook: The price has dropped from its all-time high (ATH) and has reached our previously mentioned targets perfectly.
The downward momentum continues toward 2475, as long as the price remains below 2526 and 2509.
Especially if can stabilized under 2501
If the price remains above 2508, the bullish trend is expected to persist, targeting 2516 and 2526.
Key Levels:
Pivot Line: 2500
Resistance Levels: 2509, 2516, 2526
Support Levels: 2484, 2475, 2466
Expected Trading Range Today: The price is expected to fluctuate between 2475 and 2526.
Trend: Bearish side as long as trades under 2508.
PREVIOUS IDEA:
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