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Gold Price at Critical Juncture: Bullish or Bearish Continuation

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Gold Technical Analysis

Today the price needs to break 2661 to be a bullish trend toward 2680, but as long as trades under 2652 and 2661 will be bearish toward 2638 and under it will get 2624

Key Levels:
Pivot Point: 2653
Resistance Levels: 2661, 2672, 2680
Support Levels: 2638, 2624, 2615

Trend:
Bearish below 2661
Bullish above 2661
Trade fechado: objetivo atingido
GOLD
Live update

The price dropped and reached our target of 2638 precisely before reversing. Gold has stabilized above 2661, suggesting it may reach 2670 and 2680. For a more bullish outlook, a break above 2680 is required.

Conversely, a bearish scenario would be triggered by a 4-hour candle closing below 2661, potentially leading to targets of 2651 and 2638.

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