Gold Price Consolidation and Breakout Analysis: Key Levels...
Gold Technical Analysis
The price is expected to consolidate between 2620 and 2605 until a breakout occurs. From 2620, Gold is likely to experience a bearish movement toward 2605. A 1-hour candle closing below 2605 will support further bearish momentum toward 2591 and 2585.
On the other hand, if a 4-hour candle closes above 2623, it will confirm bullish momentum, targeting 2638 and 2658.
Key Levels:
Pivot Point: 2620
Resistance Levels: 2635, 2645, 2653
Support Levels: 2605, 2591, 2558
Trend Outlook:
Bearish below 2620
Bullish above 2623
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