SroshMayi

GOLD (Consolidation, and still Bear pressure)

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OANDA:XAUUSD   Ouro/Dólar Americano
GOLD New Forecast

As previously forecasted, the price has declined and is nearing our targeted level.

Currently, the price is poised to consolidate within the range of 2327 and 2302 before any breakout occurs. Presently, there remains bearish pressure, and as long as trading continues below 2327, it is likely to reach 2302. It may experience interim fluctuations, potentially retracing to 2319 before initiating a further move.

Pivot Price: 2315
Resistance Levels: 2327, 2342, 3257
Support Levels: 2302, 2294, 2278

Today's anticipated trading range is between the support level at 2294 and the resistance level at 2333.

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