The price of Gold is currently trading near its pivot point, attempting to hold below this level to initiate a downward move.
Bearish Scenario: Holding below the 4327 pivot point will drive the price down toward the support levels at 4309 and subsequently 4283.
Bullish Scenario: A breakout and 1-hour candle close above 4327 will shift the direction toward the resistance target at 4355.
Resistance Levels: 4355 – 4375
Support Levels: 4309 – 4283
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.