Gold Futures Decline Amid Focus on U.S. Economic Indicators
Gold Futures Slip as Market Looks for Signs of U.S. Economy Strength
Gold Futures Technical Analysis
Current Outlook: The price has dropped from its all-time high (ATH) and has reached our previously mentioned targets. The downward momentum continues toward 2500, as long as the price remains below 2516 and 2526.
GOLD while above 2500 will consolidate between 2500 and 2509 till breaking, and If the price remains below 2500, the bearish trend is expected to persist, targeting 2484 and 2475. Conversely, a bullish trend would require a 4-hour candle close above 2526.
Key Levels:
Pivot Line: 2509
Resistance Levels: 2516, 2526, 2543
Support Levels: 2500, 2484, 2475
Expected Trading Range Today: The price is expected to fluctuate between 2475 and 2526.
Trend: Bearish side as long as trades under 2526.
previous idea:
Gold Futures Technical Analysis
Current Outlook: The price has dropped from its all-time high (ATH) and has reached our previously mentioned targets. The downward momentum continues toward 2500, as long as the price remains below 2516 and 2526.
GOLD while above 2500 will consolidate between 2500 and 2509 till breaking, and If the price remains below 2500, the bearish trend is expected to persist, targeting 2484 and 2475. Conversely, a bullish trend would require a 4-hour candle close above 2526.
Key Levels:
Pivot Line: 2509
Resistance Levels: 2516, 2526, 2543
Support Levels: 2500, 2484, 2475
Expected Trading Range Today: The price is expected to fluctuate between 2475 and 2526.
Trend: Bearish side as long as trades under 2526.
previous idea:
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