Gold Technical Analysis
The price is about to reach the resistance line which is 2636 and then will consolidate between 2636 and 2620 until a breakout occurs.
If the price breaks above 2638 with a 4-hour candle close, it signals a continuation of the bullish trend toward 2653.
Conversely, stability below 2620 could drive the price down to 2605.
Key Levels:
Pivot Point: 2628
Resistance Levels: 2636, 2645, 2653
Support Levels: 2620, 2605, 2591
Trend Outlook:
Bearish below 2620
Bullish above 2623