Gold Futures analysis 2024/09/09

9 Sep

GC1!
Notice: The points are only valid from 2024/09/09 to 2024/09/20

What we have now?
1. Current price: 2530

2.The key support and resistances level:

• 2570
  
• 2535
  
• 2485
  
• 2420
  
• 2310
  

Future Price movement

1. 60% chance: The momentum today is still pretty strong, and I’m expecting a of another push towards the resistance level at 2570.
   
2. 40% chance: Moving back to 2500, and start moving back from 2500 to 2485
   

Trade safe!

13 Sep

Nota

The price support level at 2570 has held strong, and we've successfully stayed above it. So, we're now aiming for a new historical high, pushing towards 2600, and possibly even the key 2700 level.