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Gold Bearish Continuation with Key Support at 2677
Gold Spot / U.S. Dollar
Short
Gold Bearish Continuation with Key Support at 2677
By SroshMayi
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Nov 8
1
7
Nov 8
GOLD Technical Analysis
For Gold to continue its bearish trend, it should remain below 2695 and 2707, aiming to break 2677 to move downward toward 2644.
However, if a 4-hour candle closes above 2708, it may trigger a bullish move toward 2739.
Currently, consolidation between 2677 and 2706 is possible until a breakout occurs.
Key Levels:
Pivot Point: 2695
Resistance Levels: 2706, 2720, 2739
Support Levels: 2677, 2660, 2644
Supply and Demand
Support and Resistance
Trend Analysis
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