It shows a downtrend, and can drop to 5.4/ 4.9/ 4.2, and then rebound after this correction.
resistance 780/ 985/ 1190/ 1485/ 1858(the old highest price)/ 2936
support 704/ 658/ 620
A long-term price prediction
Resistances 5.27/ 6.68/ 8.5
The old highest price is about 8.5
If it can break 8.5, it will be no more resistance. It cloud be then surging to 13.65/22.03/30.4
A long term gold price prediction in time frame week.
If it has the following cases;
- a new lower low
- a higher high but cannot break the last high of 2070
, it can drop to 1302 at its support