Forecast Based on the Chart:
Support Level: Around $3,045 (marked with a red horizontal line).
Resistance Level: Around $3,060 (marked with a red rectangle).
Pattern & Projection:
The price is expected to consolidate around the support level.
If it holds, an upward move toward $3,060 is anticipated.
If rejected at resistance, a retracement back to support may occur.
Conclusion:
If Gold maintains support around $3,045, it may push toward $3,060. A breakout above resistance could signal further bullish momentum, while a drop below support may lead to a short-term correction.
Support Level: Around $3,045 (marked with a red horizontal line).
Resistance Level: Around $3,060 (marked with a red rectangle).
Pattern & Projection:
The price is expected to consolidate around the support level.
If it holds, an upward move toward $3,060 is anticipated.
If rejected at resistance, a retracement back to support may occur.
Conclusion:
If Gold maintains support around $3,045, it may push toward $3,060. A breakout above resistance could signal further bullish momentum, while a drop below support may lead to a short-term correction.
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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.
Related publications
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.