Gold Price Eyes 2653 Before Expected Decline

2 sty

Gold Technical Analysis

The price is approaching the resistance level at 2,653. A 4-hour candle closing above this level will confirm further bullish momentum, potentially pushing the price toward 2,665.

Alternatively, if the price stabilizes below 2,653, it is expected to decline to 2,636. A 1-hour candle closing below 2,636 will strengthen a bearish trend, targeting 2,623.

Key Levels:
Pivot Point: 2640
Resistance Levels: 2653, 2665, 2678
Support Levels: 2636, 2623, 2603

Trend Outlook:
Bullish Trend: Above 2,653
Bearish Trend: Below 2,636

3 sty

Zlecenie aktywne

GOLD
LIVE UPDATE

The price moved upward and precisely reached the resistance level of 2665, as mentioned yesterday, before dropping approximately 220 pips. It is now heading toward 2636, as indicated on the chart.

To confirm further bearish momentum, the price must break 2636 with a 4-hour candle close below it, targeting 2623. Conversely, breaking 2665 would signal the start of a bullish trend.