Gold Technical Analysis
The price is consolidating between 2637 and 2649, with stability above 2649 which is bullish toward 2661 and 2678,
Otherwise closing 1h or 4h candle below 2637 will support bearish toward 2624
Key Levels:
Pivot Point: 2637
Resistance Levels: 2649, 2661, 2678
Support Levels: 2625, 2612, 2585
Trend Outlook
Uptrend: Bullish momentum is expected if the price holds above 2649.
Bearish Momentum: Dominant as long as the price remains below 2647 and especially 2638.