1. Current Price & Trend: Gold is trading around $2,987.475, showing slight volatility.
2. Support & Resistance:
Support Area: Around $2,980 (marked in blue).
Resistance Area: Near $3,000 (marked in red).
3. Projected Movement:
Price is expected to retest the support zone around $2,980 before bouncing back.
A gradual upward trend with some consolidation is expected.
If the price holds above the support, it could rally toward $3,000.
A breakout above $3,000 could signal a further bullish move.
Forecast:
Bullish in the short term: If support holds, gold could rise toward $3,000.
Key Levels to Watch:
$2,980 (Support) → Holding above confirms a bullish move.
$3,000 (Resistance) → A breakout could indicate further upside potential.
2. Support & Resistance:
Support Area: Around $2,980 (marked in blue).
Resistance Area: Near $3,000 (marked in red).
3. Projected Movement:
Price is expected to retest the support zone around $2,980 before bouncing back.
A gradual upward trend with some consolidation is expected.
If the price holds above the support, it could rally toward $3,000.
A breakout above $3,000 could signal a further bullish move.
Forecast:
Bullish in the short term: If support holds, gold could rise toward $3,000.
Key Levels to Watch:
$2,980 (Support) → Holding above confirms a bullish move.
$3,000 (Resistance) → A breakout could indicate further upside potential.
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.
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.