Gold technical Overview:
Support: 3385, 3400
Resistance: 3450, 3500
Entry: 3315, 3400
Targets: 3450, 3475, 3500, 3520
Gold after breaking high 3400 has formed a strong bullish parallel trendline that can take gold up to new high. currently 3400 and 3385 are the strong supporting areas that can used as entry points. Other than bullish technical analysis, some fundamental events like us economic data and global issues like Middle East crisis are also playing a crucial role in gold's increased value.
Support: 3385, 3400
Resistance: 3450, 3500
Entry: 3315, 3400
Targets: 3450, 3475, 3500, 3520
Gold after breaking high 3400 has formed a strong bullish parallel trendline that can take gold up to new high. currently 3400 and 3385 are the strong supporting areas that can used as entry points. Other than bullish technical analysis, some fundamental events like us economic data and global issues like Middle East crisis are also playing a crucial role in gold's increased value.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.