Gold prices are unable to break through resistance levels
Updated
The Federal Reserve's suspension of interest rate hikes disrupted the market. Gold prices recovered after hitting a weekly low of 1913.99, but still could not break through 1929.
The current gold price market tends to trade in a range, and gold prices are difficult to break through the resistance value of 1929, showing a slight bearish tendency. However, once the price of gold breaks through 1929, the technical indicators gain positive momentum, and the price of gold rises to the resistance level of 1945.2.
As long as the price of gold does not fall below the 1913 level and remains above, the overall outlook is bullish.
Note
Will bounce back to 1924Trade active
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