GOLD / Consolidation Zone 2653 - 2661
Gold Technical Analysis
The price will consolidate between 2653 and 2665. At first, it will try to teach 2665, and then it should break 2665 by closing a 4-hour candle above it to get 2678. Stability above 2678 will start a bullish area toward 2706.
closing 4h candle below 2653 will be bearish toward 2638 and 2623.
Key Levels:
Pivot Point: 2653
Resistance Levels: 2665, 2678, 2706
Support Levels: 2638, 2623, 2612
The price will consolidate between 2653 and 2665. At first, it will try to teach 2665, and then it should break 2665 by closing a 4-hour candle above it to get 2678. Stability above 2678 will start a bullish area toward 2706.
closing 4h candle below 2653 will be bearish toward 2638 and 2623.
Key Levels:
Pivot Point: 2653
Resistance Levels: 2665, 2678, 2706
Support Levels: 2638, 2623, 2612
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