Gold Where to? The most important gold outlook today!
Price Trend: We expect the downside movement today
Expected key support levels: 1275 // 1269 // 1261
Major resistance levels expected: 1284 // 1291 // 1298
Analysis: Gold traded within 50 pips with a neutral direction which opened at 1276 and closed at 1276.36 and reached the highest price at 1279.95 and the lowest price at 1274.53, therefore our expectations come as follows:
- Break support levels 1275 Prices are suggested to target next support near 1269 then 1261 respectively.
- Break through the resistance levels 1284 Prices are suggested to target the next resistance near 1291 and then 1298, respectively.