If the $2,700 Resistance is Broken, What is Gold's Next Move?

4 giorni fa

On the daily time frame, two scenarios are considered if the $2,700 resistance is broken. The first scenario involves a reaction to the supply zone, leading to another decline in gold prices to around $2,620, as marked on the chart. The second scenario envisions gold continuing its upward movement after retesting $2,700, heading toward the previous high.