GOLD / Consolidating Between 2653 and 2637 !
Gold Technical Analysis
The price is consolidating between 2637 and 2653, with stability above 2653 which is bullish toward 2661 and 2678,
Otherwise, as long as trades below 2653 will trade at the bearish area, closing 1h or 4h candle below 2637 will support bearish toward 2624
Key Levels:
Pivot Point: 2653
Resistance Levels: 2661, 2678, 2706
Support Levels: 2637, 2625, 2612, 2585
Trend Outlook
Uptrend: Bullish momentum is expected if the price holds above 2653.
Bearish Momentum: Dominant as long as the price remains below 2649, especially below 2638.
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