Gold Market Analysis 12/2
At the start of the Asian session today, gold continued its downward movement, reaching back to the previous low near 2620. Typically, previous lows often provide some support. Today, we have seen multiple candlesticks with lower wicks at this level, indicating that the support is holding well at the moment.
Key Levels to Watch:
Support:
2615 remains a key level of support. If this level holds, a rebound is expected.
Resistance:
The resistance zone is between 2635-2643. Watch for potential price action around this area, as it could signal either a break higher or a reversal.
Market Outlook:
Given the current support at 2620 and the signs of a potential rebound, I expect a move higher, with the next target being the 2635-2643 resistance zone.
Key Levels to Watch:
Support:
2615 remains a key level of support. If this level holds, a rebound is expected.
Resistance:
The resistance zone is between 2635-2643. Watch for potential price action around this area, as it could signal either a break higher or a reversal.
Market Outlook:
Given the current support at 2620 and the signs of a potential rebound, I expect a move higher, with the next target being the 2635-2643 resistance zone.
Dagangan aktif
It has risen near the target.Dagangan ditutup: sasaran tercapai
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Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.