Gold Bearish Continuation with Key Support at 2677
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
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
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