🚨 Price Update: Gold is currently trading at $2622.18, nearing recent highs at $2625.75 after a sharp rise.📈
🔑 Key Levels:
Resistance:
$2625.75🔴 – Major resistance; this is the current high where sellers may re-enter. $2650🔺 – Next potential level if bulls continue the momentum.
Support:
$2567.27🟢 – Key support where buyers previously stepped in. $2550.00🟡 – If price retraces, expect this level to act as secondary support. $2471.86🔴 – Significant support; if price falls further, a sharper decline may occur.
📈 Volume Profile:
Heavy trading around $2567.27, suggesting strong buyer interest in this area. Low volume below $2515.72, which could lead to a quick drop towards $2471.86 if price action weakens.
🧐 What's Next?
If bulls can break above $2625.75, we may see a rally towards $2650. However, if price stalls or fails to hold above $2567.27, expect a potential retracement towards $2515.72.
👀 News this week: Time Zone - Sydney, Australia UCT + 10 Mon, Sep 23, 2024 11:45 PM USD Red Flash Manufacturing PMI Mon, Sep 23, 2024 11:45 PM USD Red Flash Services PMI Wed, Sep 25, 2024 12:00 AM USD Red CB Consumer Confidence Thu, Sep 26, 2024 10:30 PM USD Red Final GDP q/q Thu, Sep 26, 2024 10:30 PM USD Red Unemployment Claims Fri, Sep 27, 2024 10:30 PM USD Red Core PCE Price Index m/m
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