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.