GOLD / ATH many times!!! (Strong pivot 2526)

30 ส.ค.

Gold Futures Technical Analysis

Current Outlook: The price has dropped from its all-time high (ATH) and has reached our previously mentioned targets and again about reaching ATH.

The downward momentum continues toward 2500, as long as the price remains below 2526.

GOLD while above 2516 will consolidate between 2516 and 2531 till breaking, and If the price remains below 2516, the bearish trend is expected to persist, targeting 2484 and 2475.

Conversely, a bullish trend would require a 4-hour candle close above 2526.90

Key Levels:

Pivot Line: 2525
Resistance Levels: 2531, 2543, 2555
Support Levels: 2509, 2500, 2484, 2475

Expected Trading Range Today: The price is expected to fluctuate between 2475 and 2531.

Trend: Bearish side as long as trades under 2526.