GOLD / Consolidating Between 2653 and 2637 !

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Gold Technical Analysis

The price is consolidating between 2637 and 2653, with stability above 2653 which is bullish toward 2661 and 2678,
Otherwise, as long as trades below 2653 will trade at the bearish area, closing 1h or 4h candle below 2637 will support bearish toward 2624

Key Levels:
Pivot Point: 2653
Resistance Levels: 2661, 2678, 2706
Support Levels: 2637, 2625, 2612, 2585

Trend Outlook
Uptrend: Bullish momentum is expected if the price holds above 2653.
Bearish Momentum: Dominant as long as the price remains below 2649, especially below 2638.

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GOLD
LIVE UPDATE

GOLD
Update

The price dropped about +470 pip ✅after stabilized below 2623,

So now AGAIN Still Bearish as long as trades below 2623 - 2625 zone it means will drop to get 2612 and 2595, 🔽

But reversing and closing 4h candle above 2623 again will be risky to trade with bullish trend

Timeframe 4h, 1h, 15min
Current price 2620

Direction is bearish trend