Gold Poised to Test ATH Ahead of Key Economic Data
Gold Technical Analysis for Today
The price is expected to test the all-time high of 2,526.88. If the NFP and Unemployment Rate data exceed expectations, the price is likely to decline afterward. However, if the reports fall short of expectations, it will provide support for a rise toward 2,543 and 2,557.
Key Levels:
Pivot Point: 2516 - 2526
Resistance Lines: 2532, 2543, 2557
Support Lines: 2509, 2493, 2475
Expected Trading Range: 2527 - 2475
Trend: Bearish while below 2,516 and 2,526.
The price is expected to test the all-time high of 2,526.88. If the NFP and Unemployment Rate data exceed expectations, the price is likely to decline afterward. However, if the reports fall short of expectations, it will provide support for a rise toward 2,543 and 2,557.
Key Levels:
Pivot Point: 2516 - 2526
Resistance Lines: 2532, 2543, 2557
Support Lines: 2509, 2493, 2475
Expected Trading Range: 2527 - 2475
Trend: Bearish while below 2,516 and 2,526.
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~6 analyses per day. With a clear entry point
more than 1000 pip per week —— Accuracy +88%
SM World and Economy News 24/7
Urgent News ⚡️:
t.me/SM_News_24h
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