After yesterday's uptick to $2386, Gold trades sideways ranging between $2370 support and $2383 resistance as markets await CPI numbers to find direction.
There is a possibility of Gold extending consolidation below $2370 support and find buyers at lower demand areas $2360 and a follow up rebound is likely to be witnessed aiming retesting $2393 swing high above which next bullish leg is positioned at $2415
Outlook: As long as $2393 is resistance, a retracement towards $2370-$2360 will be considered as value bargain by bulls.
There is a possibility of Gold extending consolidation below $2370 support and find buyers at lower demand areas $2360 and a follow up rebound is likely to be witnessed aiming retesting $2393 swing high above which next bullish leg is positioned at $2415
Outlook: As long as $2393 is resistance, a retracement towards $2370-$2360 will be considered as value bargain by bulls.
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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.