Gold Flat as Investors Rotate into ETFs

7 באוג׳ 2024

Metal Prices Mixed; Gold Flat as Investors Rotate into ETFs

Technical Analysis: Gold

Current Outlook: It looks like consolidating between 2397 and 2387.

Bullish Scenario:
Stability above 2397 could extend the bullish trend towards 2408 and above 2420

Bearish Scenario:
Stabilization below 2397 could support a decline to 2387 and should break 2387 to be downward till 2378 and 2365.

Key Levels:
- Pivot Line: 2397
- Resistance Levels: 2408, 2420, 2428
- Support Levels: 2387, 2378, 2365

Today's Expected Trading Range is between 2387 and 2420,

Tendency: Bullish trend Volume with some correction.

7 באוג׳ 2024

הערה

there is a possibility to do a retest till 2397 and then push up