Gold Retreats with Bearish Pressure Below 2661 Amid Geopolitical
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Gold Retreats Amid Profit-Taking as Middle East Tensions Ease Slightly
Investors are now turning their attention to developments in the Middle East and key U.S. data, including Wednesday's ADP employment report and Friday's nonfarm payroll and unemployment figures.
The price remains in a bearish trend towards 2638 while it stays below 2661, though there is potential for a corrective move up to 2661. A bullish scenario could be triggered by escalating tensions between Iran and Israel.
Key Levels:
Pivot Point: 2654 - 2661
Resistance Levels: 2670, 2680, 2699
Support Levels: 2638, 2624, 2615
Trend: Bearish while trading below 2661.
Investors are now turning their attention to developments in the Middle East and key U.S. data, including Wednesday's ADP employment report and Friday's nonfarm payroll and unemployment figures.
The price remains in a bearish trend towards 2638 while it stays below 2661, though there is potential for a corrective move up to 2661. A bullish scenario could be triggered by escalating tensions between Iran and Israel.
Key Levels:
Pivot Point: 2654 - 2661
Resistance Levels: 2670, 2680, 2699
Support Levels: 2638, 2624, 2615
Trend: Bearish while trading below 2661.
Trade fermée: cible de profit atteinte
GOLD With bearish tensions
The price remains in a bearish trend towards 2638 while it stays below 2661, though there is potential for a corrective move up to 2661. Escalating tensions between Iran and Israel could trigger a bullish scenario.
Key Levels:
Pivot Point: 2654 - 2661
Resistance Levels: 2670, 2680, 2699
Support Levels: 2638, 2624, 2615
Trend: Bearish while trading below 2661.
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