Gold at $2398: What Next..?
Gold found some selling pressure from $2418 yesterday and plunged to $2379 and currently trades with some bounce back off the low , facing resistance at $2398
If this resistance is breached, expect some further upside to reach 4 Hourly 50 EMA $2412 where some selling can resume targeting retest of $2379 below which next support will come at $2364
Major support is $2353
If this resistance is breached, expect some further upside to reach 4 Hourly 50 EMA $2412 where some selling can resume targeting retest of $2379 below which next support will come at $2364
Major support is $2353
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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.