Gold is showing a strong rebound from its two-week low. This swing is supported by the 50 moving average which is currently trending higher. The Relative Strength Index (RSI) is also heading above 50, indicating that momentum is favoring buyers
Stabilized above 1825 would help the price reach 1852, 1861 , and 1877
For whatever reason if the price drops and stabilizes below 1825 it will be under selling pressure again to reach 1815, 1805 and 1792
Note: Traders should pay attention to upcoming economic news, such as the U.S. inflation report, which may affect gold movements.
Pivot Price: 1825
Resistance Price: 1852& 1861 & 1877
Support price: 1815 & 1805 & 1792
timeframe: 4H
Stabilized above 1825 would help the price reach 1852, 1861 , and 1877
For whatever reason if the price drops and stabilizes below 1825 it will be under selling pressure again to reach 1815, 1805 and 1792
Note: Traders should pay attention to upcoming economic news, such as the U.S. inflation report, which may affect gold movements.
Pivot Price: 1825
Resistance Price: 1852& 1861 & 1877
Support price: 1815 & 1805 & 1792
timeframe: 4H
