GOLD Technical Analysis (H4) – 08/10/2024
- Gold is currently trading within a narrow range of 2622 to 2672, indicating short-term consolidation. The key support level at 2622 will play a crucial role in determining the next move. If selling pressure intensifies and breaks this support, the price is likely to decline further toward 2589.
- On the other hand, if the price holds above 2622, a potential recovery could drive the price upward toward the 2672 resistance level.
- Traders should closely monitor price action at these support and resistance levels to make informed trading decisions.
- On the other hand, if the price holds above 2622, a potential recovery could drive the price upward toward the 2672 resistance level.
- Traders should closely monitor price action at these support and resistance levels to make informed trading decisions.
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