Gold: Bearish Pressure with Key Resistance at 2661
Gold Technical Analysis
The price still has a bearish volume as long as it trades below 2661, so it's possible to touch 2661 before dropping if it can stabilize above 2644.
However the general direction is downward due to the high pressure about increasing Inflation in the USA, so it needs stability above 2661 by closing 4h candle above it to be a bullish trend till 2678
Key Levels:
Pivot Point: 2644
Support Levels: 2625, 2612, 2585
Resistance Levels: 2661, 2678, 2693
The price still has a bearish volume as long as it trades below 2661, so it's possible to touch 2661 before dropping if it can stabilize above 2644.
However the general direction is downward due to the high pressure about increasing Inflation in the USA, so it needs stability above 2661 by closing 4h candle above it to be a bullish trend till 2678
Key Levels:
Pivot Point: 2644
Support Levels: 2625, 2612, 2585
Resistance Levels: 2661, 2678, 2693
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~6 analyses per day. With a clear entry point
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SM World and Economy News 24/7
Urgent News ⚡️:
t.me/SM_News_24h
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