Gold Price Consolidation with Bearish Outlook Below 2620
Gold Technical Analysis
The price today is expected to consolidate between 2,620 and 2,605 until a breakout occurs.
Initially, the price is likely to drop below 2,620 toward the support level at 2,605. Breaking below this level could extend the bearish movement toward 2,585.
However, a 4-hour candle must close above 2,620 to target 2,636.
Key Levels:
Pivot Point: 2620
Resistance Levels: 2636, 2645, 2653
Support Levels: 2605, 2591, 2585
Trend Outlook:
Bearish below 2620
Bullish above 2636
The price today is expected to consolidate between 2,620 and 2,605 until a breakout occurs.
Initially, the price is likely to drop below 2,620 toward the support level at 2,605. Breaking below this level could extend the bearish movement toward 2,585.
However, a 4-hour candle must close above 2,620 to target 2,636.
Key Levels:
Pivot Point: 2620
Resistance Levels: 2636, 2645, 2653
Support Levels: 2605, 2591, 2585
Trend Outlook:
Bearish below 2620
Bullish above 2636
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