gold spending some time around present levels before it continues higher.. At least another 3-5 business days gold needs to spend here , Last two weeks Every dip should be bought out by investors, Dips should happen in the morning hours and recovery after US session opening. A dip back towards $2,950 is required before gold continues higher. On the other hand if extraordinary event pushes gold higher , It would not be so surprise.
Key support zones $2980-$2985 , Breaks of support zone leads further down towards 2974 and 2960 levels
Resistance at $3025-$3030 and $3045-$3050 (Upper Bound where selling pressure has emerged) while the $3058-60 levels are Key Resistance zone..
Key support zones $2980-$2985 , Breaks of support zone leads further down towards 2974 and 2960 levels
Resistance at $3025-$3030 and $3045-$3050 (Upper Bound where selling pressure has emerged) while the $3058-60 levels are Key Resistance zone..
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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.