Gold at $2407: Next Rebound to $2440 and Drop to $2388..?
Gold is showing retracement after recording new high at $2482 and strongly breached below 23.6% fibo $2340 to decline to 38.2% fibo $2409 and currently trades a tad lower
There is a possibility of short term pull back recovery from the lows which may reach $2427-$2432 while immediate resistance is seen positioned at $2440 which acts as turning point for further course of price action as sustained break above this resistance $2440 may put Gold back on bullish path that targets retesting $2468 above which strong acceptance is required for retesting $2482 and further extension to $2500
Rejection from resistance $2440 or higher zone $2468 will attract bears to hammer the metal even lower to $2388
There is a possibility of short term pull back recovery from the lows which may reach $2427-$2432 while immediate resistance is seen positioned at $2440 which acts as turning point for further course of price action as sustained break above this resistance $2440 may put Gold back on bullish path that targets retesting $2468 above which strong acceptance is required for retesting $2482 and further extension to $2500
Rejection from resistance $2440 or higher zone $2468 will attract bears to hammer the metal even lower to $2388
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.