The focus is on consolidation boundaries, a breakout of one or another boundary or level may trigger strong sell-offs (or buys).
Resistance levels: 2315, 2325, 2340
Support levels: 2305, 2295, 2287
The chart and fundamental background speaks for itself. The news may have a temporary bullish impact on the market, but I don't think it can turn the market around under the current circumstances. The overall bearish background for gold is likely to continue this time around.
Resistance levels: 2315, 2325, 2340
Support levels: 2305, 2295, 2287
The chart and fundamental background speaks for itself. The news may have a temporary bullish impact on the market, but I don't think it can turn the market around under the current circumstances. The overall bearish background for gold is likely to continue this time around.
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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.