Technically and fundamentally, gold is weak at the moment. On the background of high volatility, the price may try to break through 2325 and test the liquidity area of 2335-2345, then move to the decline phase, if the fundamental background is suitable for this. Risks of further decline are quite high, but the coming news can both strengthen this decline and break the market structure.
Resistance levels: 2315, 2325, 2354.8
Support levels: 2305, 2291, 2267
Resistance levels: 2315, 2325, 2354.8
Support levels: 2305, 2291, 2267
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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.