Gold Slips but Holds Near Record Levels Amid Fed Policy Easing
Gold Technical Analysis – 23 September 2024
Gold price Slip But remains close to Record Levels on Fed Policy Easing
As long as the price remains below $2,629, it is likely to test $2,615 and $2,605. In general, stability below $2,615 would signal a bearish move towards $2,588. Conversely, a sustained position above $2,630 would confirm a bullish trend targeting $2,640 and $2,655.
Key Levels:
Pivot Point: 2629
Resistance Levels: 2640, 2655, 2670
Support Levels: 2615, 2605, 2593
Trend: Bearish as long as the price remains below 2629
previous idea:
Gold price Slip But remains close to Record Levels on Fed Policy Easing
As long as the price remains below $2,629, it is likely to test $2,615 and $2,605. In general, stability below $2,615 would signal a bearish move towards $2,588. Conversely, a sustained position above $2,630 would confirm a bullish trend targeting $2,640 and $2,655.
Key Levels:
Pivot Point: 2629
Resistance Levels: 2640, 2655, 2670
Support Levels: 2615, 2605, 2593
Trend: Bearish as long as the price remains below 2629
previous idea:
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