So, Gold has been following the anticipated downward movement as predicted...the price has broken below the significant 2900 psychological support level. More downside potential exists as price now breakdown the consolidation zone and buying will be valid only after a decisive breakout and close above 2930 or Better buying opportunities likely to emerge at lower supports (S2-S4 range) as indicated by the green arrow on chart. Key Levels : Immediate Resistance: 2900-2910 zone Strong Resistance: Previous Week High at 2930. Immediate Support: Previous Week Low at 2,858. Strong Support: 2828 for this week and 2800 as psychological support level .
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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.