Gold surged early last week, reaching a new all-time high well above $2,450. However, the price dropped sharply for the rest of the week, resulting in a bearish weekly candle.
Despite this bearish price action, it's worth noting that the decline was not significant, and a support level just below $2,400 managed to hold the price during the final hours of last week's market.
Despite this bearish price action, it's worth noting that the decline was not significant, and a support level just below $2,400 managed to hold the price during the final hours of last week's market.
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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.