Gold Technical Analysis
The price is approaching the resistance level at 2,653. A 4-hour candle closing above this level will confirm further bullish momentum, potentially pushing the price toward 2,665.
Alternatively, if the price stabilizes below 2,653, it is expected to decline to 2,636. A 1-hour candle closing below 2,636 will strengthen a bearish trend, targeting 2,623.
Key Levels:
Pivot Point: 2640
Resistance Levels: 2653, 2665, 2678
Support Levels: 2636, 2623, 2603
Trend Outlook:
Bullish Trend: Above 2,653
Bearish Trend: Below 2,636