Key takeaways from this analysis:
Current Price: $3,030.77
Short-term Support: Around the red-marked area (~$3,020)
Forecasted Target: ~$3,060
Trend Direction: Expected upward movement after retesting support
This suggests that if gold holds above the support level, there could be a strong push toward higher resistance levels. However, external factors like economic data and geopolitical risks may influence the trend. Would you like a deeper fundamental analysis to complement this technical forecast?
Current Price: $3,030.77
Short-term Support: Around the red-marked area (~$3,020)
Forecasted Target: ~$3,060
Trend Direction: Expected upward movement after retesting support
This suggests that if gold holds above the support level, there could be a strong push toward higher resistance levels. However, external factors like economic data and geopolitical risks may influence the trend. Would you like a deeper fundamental analysis to complement this technical forecast?
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.